Oceanic methane hydrate (MH) deposits have been found at high saturations within reservoir-quality sands in the Eastern Nankai Trough and the Gulf of Mexico. This study investigates the key factors for the success of depressurization-induced gas production from such oceanic MH deposits. A numerical simulator (MH21-HYDRES: MH21 Hydrate Reservoir Simulator) was used to study the performance of gas production from MH deposits. We calculated the hydrate dissociation behavior and gas/water production performance during depressurization for a hypothetical MH well. Simulation runs were conducted under various initial reservoir conditions of MH saturation, temperature, and absolute permeability. A productivity function (PF) was introduced as an indicator of gas productivity, which is a function of gas production rate, water production rate, and discount rate. The simulations showed that recovery factors over 36% and maximum gas production rates over 450 000 Sm3/d were expected for the most suitable conditions of ...