Gulf of Mexico oil output expected to soar

Action in the Gulf of Mexico’s deep waters is growing so much that oil production could grow by more than 50 percent in the next decade, the federal agency that oversees oil and gas activity off the nation’s coastlines reported today.

“With the continued interest and activity in the deepwater area of the Gulf, we anticipate that oil and gas production will continue to be strong with a large portion of the production coming from the projects in deeper water depths,” Lars Herbst, acting regional director of the Gulf for the Minerals Management Service, said at the Offshore Technology Conference in Houston.

chron