The Gulf of Mexico oil & gas market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2021, at a CAGR of XX% during the forecast period from 2016 to 2021. The Gulf of Mexico invested USD XX billion in the oil & gas sector between 2013 and 2015 and it is estimated that an additional USD XX billion would flow in by 2021.
The Gulf of Mexico oil & gas market contributes to the regions oil production that stands at 5 percent of the global production. It is projected to reach a volume of XX million by 2021, at an increase of XX percent since 2015. The Gulf of Mexico accounts for about XX percent of the regions oil and gas market value. The regions energy markets are currently undergoing a transformation that includes tougher petroleum product specification standards based on more stringent environmental laws, privatization and deregulation. This transformation is expected to bring about significant adjustments, along with new competitors to the oil & gas market in the region.
Substantial economic growth in the region and the demand for electricity has increased the growth of offshore oil and gas exploration and production. Presently, the crude oil reserves are XX billion barrels, the natural gas reserves are XX trillion cubic feet and the reserves of natural gas liquids are XX billion barrels. The Gulf of Mexico upstream market is expected to grow at a CAGR of XX percent during the forecast period from 2016 to 2021.
The Gulf of Mexico midstream oil & gas business has currently a network of laid pipelines of length close to XX km and an additional length of about XX km is planned with an investment of USD XX billion. However, there are a lot of risks and hazards in the increasing offshore exploration activities. The region lacks the reliable geological data and this stands as a concern for changing legal regulatory and corporate governance standards. This market is expected to grow at a CAGR of XX percent during the forecast period from 2016 to 2021.
The downstream business in the region is expected to grow at a CAGR of XX percent. The demand for the petroleum products is expected to grow exponentially and reach XX million metric tonnes by 2021. The factor that constrains growth in this region is the production being outstripped by domestic consumption. The Gulf of Mexico has an installed refining capacity of XX barrels. The internal trade for petroleum products is worth USD XX. An additional refining capacity of XX billion barrels is planned with an investment of USD XX billion. Furthermore, the current capacity of LNG terminals is XX mMT and an additional capacity of XX mMT is planned with an investment close to USD XX billion.
Key Deliverables in the Study
Market analysis for The Gulf of Mexico oil & gas market, with assessments and competition analysis on a regional scale Market definition along with the identification of key drivers and restraints The Gulf of Mexico oil & gas market report presents an overview of the main economic, political, environmental and regulatory aspects to consider when investing in the sector Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market Extensively researched competitive landscape section with profiles of major companies along with their market share Identification and analysis of the macro and micro factors that affect The Gulf of Mexico oil & gas market on both global and regional scale A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the oil & gas market
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