More gulf drilling needed to offset decline

Production Decline For GOM Oil Wells [79,036 bytes] Gas Finds Needed To Bolster Production [71,950 bytes] Dayrates, Utilization For 250-ft IC Jack Ups [27,998 bytes] An acceleration of Gulf of Mexico shelf drilling is needed in order to offset gas production declines resulting from high well-depletion rates. This is the conclusion of Simmons & Co. International in a group of reports on depletion rates for Gulf of Mexico (GOM) gas wells and their implications for the service/supply sector (OGJ,

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