Gulf Of Mexico Oil And Gas Market Size

Statistics for the 2023 & 2024 Gulf Of Mexico Oil And Gas market size, created by Mordor Intelligence™ Industry Reports. Gulf Of Mexico Oil And Gas size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Gulf Of Mexico Oil And Gas Industry

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Gulf Of Mexico Oil And Gas Market Summary
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Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 2.67 %
Market Concentration Low

Major Players

Gulf Of Mexico Oil And Gas Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Gulf Of Mexico Oil And Gas Market Analysis

The Gulf Of Mexico oil and gas market size is expected to grow from USD 22.56 billion by the end of this year to USD 25.74 billion after five years, at a CAGR of 2.67% during the forecast period.

  • Over the medium term, the GOM oil and gas market is expected to thrive in the coming years due to the high resource potential in huge oil and gas reserves and a high active rig count.
  • On the other hand, the volatility of oil and gas prices globally is expected to impede market growth in the near future.
  • Nevertheless, the region contains bright prospects for deepwater exploration and production, which is expected to create significant opportunities during the forecasted period.

Gulf Of Mexico Oil And Gas Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)