NOIA Releases EIAP Study “The Gulf of Mexico Oil & Gas Project Lifecycle: Building an American Energy & Economic Anchor”
Energy and Industrial Advisory Partners (EIAP) is pleased to announce the release of a new study prepared on behalf of The Nation Ocean Industries Association (NOIA), “The Gulf of Mexico Oil & Gas Project Lifecycle: Building an American Energy & Economic Anchor”. The report provides a detailed analysis of the multitude and diversity of jobs and investments generated throughout the 30-year lifecycle of U.S. offshore oil and gas projects. The report models both a shallow water (in water depths less than 200 meters) and a deepwater (in depths greater than 200 meters) project.
To demonstrate the offshore project development process, development activities were divided into five major development stages: pre-development, development, operations, infill drilling and tiebacks, and abandonment and decommissioning. Each stage was then further subdivided into more detailed stages, to account for the main activities required to identify, develop, operate, and decommission an offshore project.
In total, 20 detailed categories of a project’s lifecycle were identified and described. A multitude of jobs is tied to every single phase of developing, demonstrating the vast reach of the Gulf of Mexico oil and gas industry into our nation’s workforce. More than 345,000 jobs were supported by the Gulf of Mexico in 2019 and this number is projected to increase with the right government policies in place.
For more info please visit – https://www.noia.org/gulfanchor/