Last updateWed, 30 Sep 2020 2pm

End-User News

Federal Move Could Unlock 65 Billion Barrels of Oil Equivalent

A proposal by the Trump administration to make nearly all offshore areas in the U.S. available for oil and gas exploration drilling could attract billions of dollars of investment and potentially unlock up to 65 billion barrels of oil equivalent (boe), according to Rystad Energy.

This figure excludes resource potential from western and central areas of the Gulf of Mexico – both coastal and deep waters. It includes, however, the eastern part of the Gulf, which is currently under congressional moratorium until the end of June 2022. 

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