Insight
US Gulf of Mexico: 2020 in review
Report summary
2020 was a tumultuous year with the coronavirus pandemic, oil price drop and an active hurricane season impacting the US Gulf of Mexico. As a result, companies made major recalibrations to investment, exploration and project sanctions. As new political risks loomed, companies proceeded with a business-as-usual approach to leasing whilst minding tight exploration budgets. Our review of 2020 provides the highlights for the US Gulf of Mexico, including investment, FID, production, lease sales, exploration and M&A.
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