MMS forecasts higher Gulf of Mexico oil, gas output

Production incentives could help push Gulf of Mexico oil production to 2.5 million b/d by 2011—with almost 80% coming from deepwater wells—from the current 1.5 million b/d, US Department of the Interior and Minerals Management Service officials said Nov. 15.The gulf's natural gas production is expected to decline initially from its current 12 bcfd to just over 11 bcfd as old fields are depleted before starting to rebound in 2008 and reaching 13 bcfd in 2011, MMS said in its first 10-year Gulf of Mexico forecast (see figure). Click here to enlarge image"This represents a significant share of our future energy supply," said Rebecca Watson, assistant Interior secretary for l...

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