The Gulf of Mexico remains a central part of US O&G production

The Gulf of Mexico remains a central part of US O&G production

Editorial Staff
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Despite the drop in prices of raw materials, the basin remains one of the richest production areas on the planet where the largest crude oil and shale reserves in the US can be found

Recently analysts from the US Bureau of Ocean Energy Management (BOEM) have defined it the “the richest basin for hydrocarbons in the world and among the main sources of raw materials for Oil&Gas in the country.‘ The Gulf of Mexico, therefore, remains central in the production of Oil&Gas in the US. Aside from BOEM, the Energy Information Administration (EIA) has also confirmed this in a recent report which highlights how the region is a crucial one for American production levels. It is from this location, in fact, comes most of the oil extracted in US, 16.5% of national oil reserves can and 4.5% of the national gas reserves. Regarding the operational plants, last year 8 more wells were activated and 4 additional ones will be opened in the next few months, a clear sign that the Gulf of Mexico is an area with a high potential for development despite the crisis in energy raw material prices. In fact, according to EIA, offshore zones are less affected by price volatility which has a bigger impact of onshore activities. So much so that analysts have confirmed that the Gulf of Mexico next year will supply 20% of national oil production.