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Nine New Oil, Gas Fields to Come Online in Gulf of Mexico in 2022, But Production Levels Not Expected to Rise, EIA Reports

Nine new US Federal Offshore Gulf of Mexico natural gas and crude oil fields are scheduled to come online in 2022, which would account for 5% of gas production and 14% of crude production in the region by the end of 2023, the US Energy Information Administration reported Tuesday.

Gulf of Mexico gas production is expected to average 2.1 billion cubic feet per day in 2023, down 0.1 Bcf/d from 2022, while Gulf crude production will average 1.8 million barrels per day in 2023, about the same as in 2022, the EIA said.

The additional capacity is not anticipated to sustain crude oil production at levels similar to the end of 2021 and will not increase oil and gas production in the Gulf, the agency noted. The EIA forecasts that Gulf of Mexico gas production will continue its three-year decline.

During 2021, 15% of all US crude oil production and 2% of US natural gas production was produced in the Gulf of Mexico, the EIA said.