EFTA Document EFTA01367369

31 May 2015 Integrated Oil US Integrated Oils U.S. Gulf of Mexico Near-term production in the GoM is expected to be supported by the ramp of YE 14 start-ups (Tubular Bells, Jack/St Malo) and the 2015/2016 (6 and 4 projects respectively) start-up of several key deepwater projects. While the projects are expected to add an incremental 350 mbpd of crude (2016 vs. 2014), the longer-term outlook (2018+) has less visibility beyond the contribution from a few (Appomattox) deep-water projects a