GoM June Production Update

7 Sep 2017   Offshore

Production Production for June by BOEM was 1631 kbpd and by EIA 1636, compared with 1673 and 1659 kbpd, respectively, in May. The decline was mostly from Thunder Horse going offline and Constitution staying offline. Hurricane Cindy didn’t seem to have much of an impact, things will be different for the impact of Harvey on August figures. Even with the two offline facilities coming back July numbers will struggle to beat those for March, and after that the depletion declines and hurricane disruptions take over. Note that the “others” area includes any assumptions BOEM has made to allow for missing data, which is quite a lot this month. The combined new fields added from late 2014 are holding a plateau with South Santa Cruz and Barataria fields added and a new lease for Marmalard starting (adding about 20 kbpd combined). Stones also had […]

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