Gulf of America oil, natural gas production expected to remain stable through 2026

Washington [US], June 7: Crude oil production in the Federal Offshore Gulf of America (GOA) will average 1.80 million barrels per day (b/d) in 2025 and 1.81 million b/d in 2026, compared with 1.77 million b/d in 2024, according to the US Energy Information Administration, Short-Term Energy Outlook (STEO), May 2025.
STEO expects GOA natural gas production to average 1.72 billion cubic feet per day (Bcf/d) in 2025 and 1.64 Bcf/d in 2026, compared with 1.79 Bcf/d in 2024. At these volumes, the GOA is forecast to contribute about 13% of U.S. crude oil production and 1% of U.S. marketed natural gas production in 2025 and 2026.
''We expect operators to start crude oil and natural gas production at 13 fields in the GOA during 2025 and 2026, without which GOA production would decline. Eight fields will be developed using subsea tiebacks or underwater extensions to existing Floating Production Units (FPUs) at the surface. Five fields will produce from four new FPUs, with one of the new FPUs (Salamanca FPU) targeting production from two fields.''
STEO expects the additional crude oil production from all new fields will contribute 85,000 b/d in 2025 and 308,000 b/d in 2026. It also expects associated natural gas production from the new fields will average 0.09 Bcf/d in 2025 and 0.27 Bcf/d in 2026.
Source: Emirates News Agency