Trump Administration’s Offshore Drilling Plan Could Unlock 65 Billion Barrels – Rystad
January 11, 2018 by Reuters
SNIPPET:
Jan 10 (Reuters) – The Trump administration’s proposal to open up almost all of U.S. offshore waters to oil and gas drilling could unlock up to 65 billion barrels of oil equivalent (boe), attracting billions of dollars in investment, consultancy Rystad Energy said.
Last week, U.S. Interior Secretary Ryan Zinke said a draft program would make over 90 percent of the outer continental shelf’s total acreage available for leasing to drillers, a national record.
“Looking purely at areas that are potentially going to come out of restriction, we are talking about something closer to 65 billion boe,” Sonia Passos, senior analyst at Rystad, a major independent consultancy tracking the sector, said in a note last week.
That figure excludes resource potential from western and central areas of the U.S. Gulf of Mexico,
but includes the eastern region, she said.full article:http://gcaptain.com/trump-administrations-offshore-drilling-plan-could-unlock-65-billion-barrels-rystad/Sonia Passos enjoys her MAGA coffee.