Market Size of Gulf Of Mexico Oil And Gas Industry
|2020 - 2029
|Base Year For Estimation
|Forecast Data Period
|2024 - 2029
|Historical Data Period
|2020 - 2022
*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.