The U.S. Gulf of Mexico may be one of the world’s most mature deepwater basins, but it still has a lot of potential to expand. The deepwater U.S. Gulf of Mexico has one of the lowest emissions-per-barrel estimates in the world. According to the Current Trajectory scenario of McKinsey Energy Insights’ Global Energy Perspective 2022, deepwater basins are expected to provide 7 million bpd out of 24 million bpd of new supply sources needed by 2040. One of the world’s most mature deepwater basins, the U.S. Gulf of Mexico, has a lot of production life left and could help bridge the oil supply gap that is widening with the maturing of many currently producing assets globally. The basin now pumping 15% of U.S. crude has the potential to deliver another up to 2 million barrels per day (bpd) of the new supply sources needed by 2040, McKinsey & Company […]