NOIA Commends Extension of Gulf of Mexico Leases

 

For Immediate Release:                        Contact:  Nicolette Nye

Monday, October 31, 2011                                 (202) 347-6900          

 

 

NOIA Commends Extension of Gulf of Mexico Leases

Urges Similar Consideration for Shallow Water Leaseholders Impacted by the Moratorium

 

Washington, D.C. NOIA President Randall Luthi issued the following statement applauding lease extensions announced by the Department of the Interior today:

 

“The Department of Interior’s announcement that it has approved nearly 1400 lease extensions is certainly welcome news. 

“Due to industry-lead initiatives to increase safety standards, response capability and containment ability, NOIA members are ready to safely increase exploration and production activities which will add new jobs, new energy, and new revenues to the federal treasury.  We commend BSEE for taking steps to give companies a chance to recover from the moratorium.

“We continue to raise the issue of shallow water lease holders as well who have seen similar impacts and ought to receive similar consideration.  It is important to ensure that all projects affected by the blanket moratorium and the subsequent slower rate of permitting are given the same consideration – including shallow water operations.  Shallow water leases provide shorter time periods for production, and we believe it is appropriate they be extended as well.” 

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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 more than 270 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.