Gulf of Mexico

Using a new model, the federal agency said deepwater operations will drive the region's production to 1.9 million B/D next year.

As Hurricane Francine bore down on the central Louisiana coast, production in the Gulf of Mexico took a hit.

The two projects at the Jack/St. Malo and Tahiti deepwater facilities are expected to recover millions of additional barrels of oil equivalent.

Updates about global exploration and production activities and developments.

Hurricane prognosticators continue to believe the 2024 Atlantic storm season will be more active than normal, even after a somewhat slow start. In any case, the oil field is ready.

Since the late 1930s, the offshore industry has advanced from the first platform in 14 ft of water to the ultradeepwater 20K era. Driven by seismic, drilling, and development breakthroughs, the industry has pushed into deeper waters, high-pressure reservoirs, and new frontiers like Guyana, continually expanding the limits of offshore exploration.

The updated rules are designed to increase safety during operations in the US Outer Continental Shelf, including in high-pressure/high-temperature environments in the Gulf of Mexico.

Updates about global exploration and production activities and developments.

The operator will utilize drillship Deepwater Invictus for both development and exploration drilling under a 3-year pact.

First oil is expected in 2029 from the development, which has a budget under $5 billion.