Deepwater Gulf of Mexico production is expected to reach a new peak of 1.9 million barrels of oil equivalent per day in 2016, according to Wood Mackenzie’s latest outlook. New developments and the expansion of older oil fields are expected to lift deepwater Gulf of Mexico production of 1.9 million barrels of oil equivalent per day (boepd) in 2016, the first new production peak seen since 2009. However, production is expected to plateau for the remainder of the decade following the 2016 peak due to the depletion of legacy fields and a limited number of new projects coming onstream, according to Wood Mackenzie’s latest outlook on the deepwater Gulf. Wood Mackenzie expects deepwater Gulf production to rise 18 percent per year from 2014 to 2016. Next year, production is expected to rise 21 percent from 2014’s […]