Rystad: Oil production in U.S. Gulf of Mexico set for record year

Oil production in the U.S. Gulf of Mexico is set to make new records in the imminent future, according to Norwegian oil and gas intelligence firm Rystad Energy.

Rystad said on Friday that GoM oil production was a mere 1.28 million bpd in 2013, whereas in 2018 production averaged a record high of 1.79 million bpd.

The intelligence company forecasted that 2019 production would average 1.95 million bpd, with some months potentially touching the 2 million bpd ceiling.

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