Watching Government: A far offshore E&P framework

While Congress considers ways for coastal US states to extend their offshore authority from 3 to 200 miles, Paul L. Kelly believes the oil and gas industry has unfinished business farther out.With exploration and production moving farther from shore, it’s increasingly urgent for the US to ratify the international Law of the Sea treaty, the senior vice-president of Rowan Cos. Inc. said during a break at the National Ocean Industries Association annual meeting in Washington, DC.Senate ratification is essential because it would establish an E&P framework for the industry beyond the 200-mile limit, according to Kelly. It’s also more than 10 years overdue, he added.“From ...

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