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Deepwater Production Way Up
The Bureau of Ocean Energy Management, Regulation and Enforcement oversees offshore leasing on the federal Outer Continental Shelf (OCS) – long the focus of U.S. offshore oil drilling activity. The Bureau’s annual reports detail the most current Gulf of Mexico (GOM) deepwater oil production numbers and deepwater gas production numbers. See the reports and latest trends here.
Moreover, the combination of better technology and more experience using it enables operators to venture into much deeper waters, and drill far further beneath the ocean’s floor, year after year. New records are being set with regularity in the Gulf of Mexico.