Western Gulf Sale Shows Continued Focus on Deepwater
For Immediate Release: Wednesday, August 28, 2013
Contact: Nicolette Nye, (703) 732-0801, nnye@nullnoia.org
Western Gulf Sale Shows Continued Focus on Deepwater
Washington, D.C. – National Ocean Industries Association President Randall Luthi today issued the following statement on bidding in Western Planning Area Lease Sale 233:
“The cost impacts to industry of continued changes to the regulatory system, such as the newly proposed production systems safety rule and the upcoming BOP rule, could have figured into how companies bid in today's Western Planning Area sale, as did the current low price companies can fetch for natural gas. While this sale was not eye-popping, and may be closer to a yawner, it shows that interest in deepwater tracts remains strong. Congratulations to BOEM and today’s high bidders on their continued commitment to safely producing offshore oil and natural gas that helps fuel our nation and bolsters our national energy security.”
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ABOUT NOIA
NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of both traditional and renewable energy resources on the nation’s outer continental shelf. NOIA’s mission is to secure reliable access and a fair regulatory and economic environment for the companies that develop the nation’s valuable offshore energy resources in an environmentally responsible manner. The NOIA membership comprises about 300 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance, and renewable energy.
