Insight
US Gulf of Mexico: 2021 in review
Report summary
2021 marked a return to the growth trajectory in the US GoM which was put on pause due to the crash in 2020. Production rebounded to pre-pandemic levels of close to two million barrels of oil equivalent per day and investment increased by 9% to US$8.3 billion. Increased oil prices supported an uptick in project sanctions as two major projects - Shenandoah and Whale - received the green light. We review 2021 highlights for the US GoM, including production, investment, FIDs, M&A, energy transition, and exploration.
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