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U.S. crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in 2017, reaching 1.65 million b/d, the highest annual level on record. Although briefly hindered by platform outages and pipeline issues in December 2017, oil production in the GOM is expected to continue increasing in 2018 and 2019, based on forecasts in the EIA’s latest Short-Term Energy Outlook (STEO). EIA expects the GOM to account for 16% of total U.S. crude oil production in each year.
Based on STEO’s expected production levels at new fields and existing fields, annual crude oil production in the GOM will increase to an average of 1.7 million b/d in 2018 and 1.8 million b/d in 2019. However, uncertainties in oil markets may still affect long-term planning and operations in the GOM, and the timelines of future projects may change accordingly.
In 2016, producers brought seven new projects and expansions online and ramped up production in 2017, collectively contributing to an average of 126,000 b/d of production in 2017. Another two projects came online in 2017, contributing 10,000 b/d of new production last year. EIA expects these nine projects to ramp up over the next two years. Producers expect four new projects to come online in 2018 and six more in 2019.
Because of the amount of time needed to discover and develop large offshore projects, oil production in the GOM is less sensitive to short-term oil price movements than onshore production in the Lower 48 states. In 2015 and early 2016, decreasing profit margins and reduced expectations for a quick oil price recovery prompted many GOM operators to pull back on future deepwater exploration spending and to restructure or delay drilling rig contracts, causing average monthly rig counts to decline through 2017.
Source: U.S. Energy Information Administration, Short-Term Energy Outlook
Recent crude oil price increases have not yet had a significant effect on operations in the GOM, but they have the potential to contribute to increasing rig counts and field discovery in the coming years. Unlike onshore operations, falling rig counts do not affect current production levels, but instead affect the discovery of future projects and fields.
In March 2018, the Bureau of Ocean Energy Management held a lease sale for more than 14,000 Federal Gulf of Mexico blocks, most of which did not receive any bids. Although the results of this auction will not affect GOM production within the Short-Term Energy Outlook forecast horizon (through 2019), the level of interest for leases may have longer-term implications for GOM crude oil production.
Source: U.S. Energy Information Administration, Short-Term Energy Outlook
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Dear Sir/ madam ,
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Our Products sell well throughout the country and have versatile applications in various industries.
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SY. #83, Superintendent Dinne, Gottigere Post
C.K. Palya Road, Off Bannergatta Main Road
Bengaluru - 560 083. INDIA.
+91 9845669129 , +91 9901 889129
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SY. #83, Superintendent Dinne, Gottigere Post
C.K. Palya Road, Off Bannergatta Main Road
Bengaluru - 560 083. INDIA.
+91 9845669129 , +91 9901 889129
© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.
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+91 9845669129 , +91 9901 889129
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SY. #83, Superintendent Dinne, Gottigere Post
C.K. Palya Road, Off Bannergatta Main Road
Bengaluru - 560 083. INDIA.
+91 9845669129 , +91 9901 889129
© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.
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C.K. Palya Road, Off Bannergatta Main Road
Bengaluru - 560 083. INDIA.
+91 9845669129 , +91 9901 889129
© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.
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SY. #83, Superintendent Dinne, Gottigere Post
C.K. Palya Road, Off Bannergatta Main Road
Bengaluru - 560 083. INDIA.
+91 9845669129 , +91 9901 889129
© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.
SERVICES
+91 9845669129 , +91 9901 889129
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SY. #83, Superintendent Dinne, Gottigere Post
C.K. Palya Road, Off Bannergatta Main Road
Bengaluru - 560 083. INDIA.
+91 9845669129 , +91 9901 889129
© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.
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+91 9845669129 , +91 9901 889129
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Sre Kateel Industries is an ISO- 9001-2015 QMS, ISO 14001:2015 EMS & OHSAS 18001:2007 certified fabrication Industry incorporated in the year 1993 is located in Bangalore India.
With over 3 decades of outstanding engineering, experience in fabrication, a team of highly skilled manpower and dedicated Professionals, we are confident to meet the requirements and supply all kind of storage & material handling equipments. Our manufacturing unit is spread over 30,000 square feet area.
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We are an ISO certified company. Every process followed is per ISO standards and global trends. We procure raw material of high standards, and only from certified brands.
We have always been lauded for our wide range of products. May it be automation, material handling, process equipments or storage solutions, we provide the widest range, with industry specific and customer specific customization.
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SY. #83, Superintendent Dinne, Gottigere Post
C.K. Palya Road, Off Bannergatta Main Road
Bengaluru - 560 083. INDIA.
+91 9845669129 , +91 9901 889129
© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.
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SRE KATEEL INDUSTRIES
SY. #83, Superintendent Dinne, Gottigere Post
C.K. Palya Road, Off Bannergatta Main Road
Bengaluru - 560 083. INDIA.
+91 9845669129 , +91 9901 889129
ABOUT
PRODUCTS
SRE KATEEL INDUSTRIES
SY. #83, Superintendent Dinne, Gottigere Post
C.K. Palya Road, Off Bannergatta Main Road
Bengaluru - 560 083. INDIA.
+91 9845669129 , +91 9901 889129
© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.
SERVICES
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