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Promoting Offshore Energy Development www.noia.org.

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Presentation on theme: "Promoting Offshore Energy Development www.noia.org."— Presentation transcript:

1 Promoting Offshore Energy Development www.noia.org

2 NOIA represents the full spectrum of U.S. businesses that produce energy from the offshore A Tradition of Service

3 Demand for Energy is on the Rise 199019952000200520102015 YEAR 1999 NPC Reference Case 1992 NPC High Case 1992 NPC Low Case Actual A C T U A LF O C U S P E R I O D E X T E N D E D V I E W 1999 NPC Range of Outcomes TRILLION CUBIC FEET 15 20 25 30 35 ACTUALFOCUS PERIOD EXTENDED VIEW

4 Natural Gas Demand will Increase in All Regions (1999 NPC Reference Case) 2015 Percent Increase 1999 Gas Demand

5 Natural Gas Ammonia Methanol Ethylene Carbon Black Natural Gas Liquids FertilizerCorn Nylon fibers Acrylic fibersBlankets, Clothing Outdoor gear, parachutes, rope Rubber Additive Automotive tires Urea resinsPlywood Methyl Methacrylate Acetic acid Paints and adhesives Acrylic glazing for road signs Polyethylene Grocery bags, toys, housewrap Polyester Fleece blankets Polyethylene terephthalate Plastic bottles Styrene Insulated cups, food packaging Polyvinyl chloride Vinyl siding, plastics pipe

6 Renewable sources alone cannot meet rising demand

7 OFF LIMITS! Less than 19% of OCS is Open to Development

8 A Technological Transformation Improved Exploration Deepwater Frontier Deep Gas Advances Smaller Environmental Footprint

9 Improved Exploration

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13 A Technological Transformation Improved Exploration Deepwater Frontier Deep Gas Advances Smaller Environmental Footprint

14 Deepwater Frontier 1947: First well drilled in Federal waters from fixed offshore platform Total Water Depth: 16 feet

15 Deepwater Frontier 2004: Transocean Discoverer Deep Seas drills a well 200 miles from Galveston, Texas. Total water depth: 10,011 feet

16 Deepwater Frontier

17 Over 100 Gulf of Mexico deepwater production projects brought online since 1995 11 discoveries in water depths greater than 7,000 feet Deepwater production now accounts for about 1 million barrels of oil and 3.5 billion cubic feet of natural gas per day

18 Production Volume by Lease

19 A Technological Transformation Improved Exploration Deepwater Frontier Deep Gas Advances Smaller Environmental Footprint

20 LA MS AL Total Offshore Wells = 50,577 6,735 wells > 13,000 ' TVD TX Deep Gas Advances

21 720 wells > 17,000 ' TVD LA MS AL TX Deep Gas Advances

22 Laser Drilling: Science-fiction or promising new tool?

23 A Technological Transformation Improved Exploration Deepwater Frontier Deep Gas Advances Smaller Environmental Footprint

24 Modern offshore platforms are: invisible to the general public floating instead of fixed-leg removed easily after well production finishes

25 Directional Drilling Systems enables access to hydrcarbons without upsetting the surface directly above Pad Steering Smaller Environmental Footprint

26 Designer profile wells: - improve drilling efficiency - improve directional accuracy - can be directed around sensitive areas Golden Gate Bridge = 2737m (8981ft) Smaller Environmental Footprint

27 A Technological Transformation Improved Exploration Deepwater Frontier Deep Gas Advances Smaller Environmental Footprint

28 Unparalleled Environmental Performance US Coast Guard: 99.999 percent record for clean operations MMS Conducts More than 12,000 Inspections Annually

29 OFF LIMITS! Less than 19% of OCS is Open to Development

30 The Evolving Offshore Technological Frontier www.noia.org


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