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DOI offers initial estimates of OCS oil and gas figures
04/13/2009
The US Outer Continental Shelf holds an estimated 66-115 billion bbl of oil and 362-565 tcf of natural gas, the US Department of the Interior said.The agency, which began regional OCS meetings Apr. 6, noted the figures contain significant data gaps.Estimates of technically recoverable reserves were based on a regional assessment of the entire OCS that the US Minerals Management Service completed in 2006.These estimates also include assessments of new areas identified for inclusion in the 2010-15 draft proposed 5-year OCS leasing program.The numbers should be considered general indicators and predictors of oil and gas potential, said a report that MMS developed in response to a Feb. 10 ord...
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