Insight
US Gulf of Mexico: 2022 in review
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The US Gulf of Mexico was able to grow investments and production in 2022 despite major project delays. Five projects reached FID in 2022 with a total capital commitment of US$4.5 billion. High oil prices led to record cash flows despite moderate production growth and high inflation. M&A also experienced a boost as the deal count more than doubled and a new player entered the US GoM. An industry-first, 8th-generation, and 20,000 psi-rated rigs commenced operations. Discovered volumes were at an all-time low, but policy changes reinstated leasing activity.
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