MMS sees big potential in off-limits OCS areas

A report early this month by the US Minerals Management Service shows big oil and gas potential in areas of the Outer Continental Shelf now off-limits to drilling.The MMS report to Congress estimated the undiscovered, technically recoverable resource (UTRR) in all federal offshore areas at mean values of 85.9 billion bbl of oil and at 419.9 tcf of gas. More than half of the oil-equivalent UTRR is in the Gulf of Mexico.Data for the 2006 assessment, required by Sect. 357 of the Energy Policy Act of 2005, were collected and compiled by Offshore Minerals Management program personnel. The assessment represents a comprehensive appraisal that considered information available as of Jan. 1, 2003, ...

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