Shallow waters: The ``other'' Gulf
Journal Article
·
· Hart's E&P
OSTI ID:20082191
The US Minerals Management Service (MMS) reported 3.21 billion bbl of petroleum and 30.8 Tcf of natural gas remained at the end of 1997 as proved reserves on the shelf. That is a 14.6% increase in oil reserves and a 4.5% increase in gas reserves compared to the previous year's estimates. An additional 1.03 billion bbl of oil and 3.9 Tcf of gas are estimated to be unproved reserves in 51 unproved active fields, with 16 other unproved fields not yet studied. The small fields that remain on the continental shelf account for 22% of US oil production (800,000 b/d) and 27% of the country's natural gas production (13 Bcf). Of the nearly 8,200 active leases on the shelf, a mere 200 account for the lion's share of this oil and gas. But that doesn't mean there aren't any new fields left to find.
- OSTI ID:
- 20082191
- Journal Information:
- Hart's E&P, Journal Name: Hart's E&P Journal Issue: 4 Vol. 73; ISSN 1527-8322
- Country of Publication:
- United States
- Language:
- English
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