Mid-Atlantic summary report

Technical Report · Sat Oct 01 04:00:00 EDT 1983

OSTI ID:6909894

Kurtz, A S; Deis, J L

The first sale on the Mid-Atlantic Outer Continental Shelf (OCS), Lease Sale 40, Mid-Atlantic, was held in August 1976. The second Mid-Atlantic sale, Lease Sale 49, Mid-Atlantic, was held in February 1979. Exploratory drilling occurred from March 1978 through October 1981, but none of the 28 exploratory wells drilled produced commercial quantities of hydrocarbons. Lease Sale 59, Mid-Atlantic, was held in December 1981, and Shell began drilling operations on Block 587 (NJ 18-6) on August 2, 1983, in 6448 feet (1965 m) of water, a record-breaking depth. It is anticipated that three holes will be drilled during Shell's drilling program. Lease Sale RS-2, held in August 1982, resulted in the leasing of 18 additional deepwater blocks previously offered in Lease Sale 59, Mid-Atlantic. Mid-Atlantic Lease Offering (April 1983) was the first streamlined area wide lease offering on the July 1982 final 5-year OCS oil-and-gas leasing schedule. Industry interest was concentrated in the deeper waters, while little was expressed for the nearshore areas. The last Mid-Atlantic lease offering in the July 1982 final 5-year OCS leasing schedule will take place in June 1985. The Department of the Interior's most recent estimates of risked undiscovered recoverable resources in the Mid-Atlantic are 800 million barrels of oil and 5.6 trillion cubic feet of gas in 0 to 656 feet water depth, and 2.3 billion barrels of oil and 8.6 trillion cubic feet of gas in 656 to 8202 feet water depth. These are resources that can be extracted economically with existing technology. Estimates of risked undiscovered resources for leased lands, which are specific to blocks that have been leased in the Mid-Atlantic, are 110 million barrels of oil and 2.2 trillion cubic feet of gas. 7 references, 3 figures, 3 tables.

• Research Organization: Rogers, Golden and Halpern, Inc., Philadelphia, PA (USA)
• OSTI ID: 6909894
• Report Number(s): NP-4901237; ON: TI84901237
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ATLANTIC OCEAN
CONTINENTAL MARGIN
CONTINENTAL SHELF
DATA
DATA COMPILATION
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
INFORMATION
LEASES
MINERAL RESOURCES
NATURAL GAS
NATURAL GAS DEPOSITS
NORTH AMERICA
NUMERICAL DATA
OFFSHORE OPERATIONS
PETROLEUM
PETROLEUM DEPOSITS
RESERVES
RESOURCE ASSESSMENT
RESOURCES
SALES
SEAS
SURFACE WATERS
USA