Gulf of Mexico Hits Record Daily Production
The U.S. Gulf of Mexico (GOM) made history in August 2019 as it exceeded oil production of 2 million barrels per day (MMbopd), according to the U.S. Bureau of Safety and Environmental Enforcement (BSEE).
The record average daily production from the GOM comes after the Outer Continental Shelf (OCS) experienced a record-setting 2018. This included oil production of more than 640 million barrels in federal waters.
Production increases in 2019 paved the way for $2.34 billion more offshore royalty revenue for the Federal Treasury. In addition, GOM production will continue to set records through 2020, according to the U.S. Energy Information Administration.
“This is incredible news for the nation,” said BSEE director Scott Angelle. “Under the Trump administration, BSEE is stressing safety and environmental sustainability while at the same time promoting robust energy production offshore, and it’s paying off.”
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