Offshore update ///
In its Summer 2001 issue of Inside Tech Transfer, the U.S. Department of Energy’s National Energy Technology Laboratory (NETL) features a six-page review of an important public policy analysis to encourage domestic oil/gas production. The article’s introduction says NETL has completed a comprehensive evaluation of "marginal properties" in the Gulf of Mexico. Objectives of the study are twofold: 1) develop a methodology to predict when existing oil and gas leases are expected to reach their economic limit; and 2) determine what impacts specified economic incentives, in terms of Federal royalty relief, would have in extending economic life of these leases, thereby maximizing their production.
Log in to view this article.
Not yet a subscriber? Get started now for immediate access to this content and more.
Join Our Newsletter ///
Sign-up for World Oil Daily News
Latest News ///More