Overview

• The U.S. Interior Department has introduced new rules allowing offshore oil drillers to use higher pressure levels, increasing the limit from 200 psi to 1500 psi.
• These changes, part of President Trump's 'Unleashing American Energy' agenda, are expected to raise oil production in the Gulf of America by 100,000 barrels per day over 10 years.
• The updated guidelines enable operators to tap multiple reservoirs simultaneously, enhancing efficiency and reducing production costs.
• Producers must comply with safety measures, including mandatory pressure monitoring and regular performance reporting, under the new policy.
• The policy shift follows Trump's reversal of Biden-era drilling bans and renaming of the Gulf of Mexico to the Gulf of America.