Matt Cook

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Deepwater Oil and Gas Market Expands

By Matt Cook 2017-02-06 17:00:57

Hydrocarbon production from the “Golden Triangle” incorporating the deepwater (>500 meter (1,640 feet) water depth) plays of Brazil, the U.S. Gulf of Mexico and West Africa will peak in 2019 due to the lack of projects sanctioned in recent years. Production data from Douglas-Westwood’s (DW) new online analysis tool, SECTORS, shows combined oil and gas production will reach its crux in two years’ time at some 7.1 million barrels of oil equivalent per day (mmboe/d) before declining into the 2020s....

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