Studies Examine O&G Potential in GoM and Pacific
Two new studies by QUEST Offshore Resources, Inc. estimate the significant potential benefits – including jobs, economic activity, revenues to governments, and energy production – that could result from opening the Eastern Gulf of Mexico and the U.S. Pacific outer continental shelf to oil and natural gas leasing.
The National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) will discuss the study results and the implications for energy policy in a press conference call on Wednesday, November 19, 2014 at 10:30 a.m. ET. Randall Luthi, NOIA president, and Erik Milito, API director of upstream, will address the economic benefits of increasing U.S. access to offshore oil and natural gas resources in the Eastern Gulf of Mexico and in the Pacific.