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Posts Tagged ‘March 2024 oil production’

March production (1823 MBOPD) has been added to the GoM summary chart (below).

The Main Pass Oil Gathering (MPOG) system reportedly remained shut-in until early April. We should learn more about the impact of that shut-in when the EIA releases the April production figure at the end of June. Meanwhile, we are still waiting for information from the NTSB on the MPOG incident. To date, the NTSB has only posted a short summary

Note that BOEM’s 2024 forecast called for production to average 2,013 MBOPD, which is above the 2023 peak of 1,997 MBOPD in September.

Most forecasts call for an active 2024 hurricane season, so interruptions in production are likely. There were no production shut-ins from tropical storms in 2023.

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