Offshore staff
NEW ORLEANS – The Bureau of Ocean Energy Management (BOEM) has released a new report on the estimated oil and gas reserves in the Gulf of Mexico on the outer continental shelf (OCS).
The new report contains verified production data through Dec. 31, 2019, BOEM said.
According to the report, the original reserves, which is a combination of cumulative production and the reserves, include 26.77 Bbbl of oil and 197.0 tcf of gas from 1,325 oil and gas fields. This includes 911 fields that have produced and expired.
Cumulative production from all fields accounts for 22.12 Bbbl of oil and 190.9 tcf of gas.
Discoverable, recoverable, and commercially viable reserves are estimated to be 4.65 Bbbl of oil and 6.1 tcf of gas, the report found.
According to BOEM, oil reserves have increased 35.2% and the gas reserves have increased 7.0% since the 2018 report. These increases are the result of six new fields being added during the reporting period.
The bureau said it develops independent estimates of natural gas and oil in previously discovered OCS fields by conducting field reserve studies and reviews of fields, sands, and reservoirs.
In addition, BOEM also publishes estimates of undiscovered oil and gas resources. For the Gulf of Mexico, the bureau’s 2021 assessment includes a mean undiscovered technically recoverable resource volume of 29.59 Bbbl of oil and 54.84 tcf of gas.
09/15/2021
