This crisis started because of the US frackers producing too much oil to sustain the price for other producers.
If the rising price causes them to put rigs back in activity and saturating the market, it will cause the price to stagnate at or below $60/Bbl.
Since deep water and remote location oil require >$70/Bbl. to be viable you are VERY right, the possibility of a major improvement in that sector in the Gom is not likely for some years yet.
The option is to reduce exploration and production costs to below that limit, or to increase efforts in shallow waters at low costs.
That favour under-explored areas in the North Sea, West Africa, the Middle-east, S.E.Asia and China. There is little prospects left in shallow water GoM.
Shallow water Arctic MAY offer some good prospects, but only if the risk is at acceptable levels, but this does NOT include Alaska and Canada due to a ban on exploration in their waters.