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BOEM, BSEE advance potential policy changes to increase oil and gas production in Gulf of Mexico

Christian Fernsby ▼ | September 22, 2020
The Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) announced they will advance new research into whether certain policy changes could help increase oil and gas production from deepwater infrastructure already in place in the Gulf of Mexico (GOM).
Gulf of Mexico
BOEM   Gulf of Mexico
“President Trump recognizes smart policy requires us to look for adjustments that need to be made today to facilitate U.S. offshore competitiveness, or we will experience problems tomorrow,” said Scott Angelle, BSEE Director. “This research will help ensure our Nation continues to achieve top oil and gas production by reducing stranded assets. A cursory review of the preliminary data suggests the time is right to usher in updated policies to ensure we are efficiently developing our natural resources and value for the American people.”

Topics: Gulf of Mexico

The study will examine specific economic parameters used by BOEM and BSEE for new and high-cost technologies like extended-reach subsea tiebacks. Implementation of these parameters could minimize stranded or left behind hydrocarbon resources. This research would apply to developments that might connect to deepwater facilities that have additional production capacity.

“BSEE has provided some important initial data, and our team will consider the economic parameters used to examine these extended-reach subsea tieback projects given the capacity that exists in the region,” said BOEM Acting Director Walter Cruickshank. “Based on that analysis, BSEE could then have more tools to minimize stranded resources.”