26.05.2018

THE ECONOMIC IMPACT OF THE GULF OF MEXICO OFFSHORE OIL AND NATURAL GAS INDUSTRY AND THE ROLE OF THE INDEPENDENTS

The Economic Impact of the Gulf of Mexico Offshore Oil and Natural Gas

Author(s) IHS
Publisher Global Insight
Date 2010
Pages 36
Format pdf
Size 1 Mb
D O W N L O A D

 

 

 

 

 

 

The present publication contains the results fo the study conducted by the IHS specialists in the field of determining the economic significance and impact of the GOM, i.e. Gulf of Mexico, offshore hydrocarbons exploration industry covering both today's situation and future prospects. The authors of the study have addressed the economic values and jobs as well as the government revenue.

This analysis is also showing the significance of the independent operators to the industry; it is also providing the required framework for the assessment of the future policy choices. The offshore oil and gas exploration and production sectors are continuously growing fields both in the U.S. and globally. The American offshore fields and primarily GOM produce around thirty per cent of the oil and ten per cent of the gas of the overall production.

That is why it is treated as one of the central elements of the American energy security. Though it is commonly very well recognized, the importance of the offshore activities extends so far beyond the direct contribution. The jobs that are generated within the offshore industry in the area includes wide range of activities including mechanical engineering pipefitting, equipment supply, and others...

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