The disappointing results for shallow-water shelf blocks in the latest Gulf of Mexico (GOM) lease sale aside, performance and prospects for GOM shelf properties in the near-to-medium term, and probably much longer, look depressed, at best. The first shelf well was drilled nearly 70 years ago, meaning over half of the GOM infrastructure is now well-aged, with much of it nearing, or past, the end of its design life.
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