Updating its estimates for undiscovered technically recoverable resources (UTTR) underlying offshore waters on the Outer Continental Shelf (OCS), the Minerals Management Service (MMS) said last week that new exploration activities in the Gulf of Mexico and in the Scotian Basin offshore Canada have revealed that there is 12% more recoverable gas than estimated in 2000. The MMS now estimates that there are 76 billion barrels of oil and 406.1 Tcf of recoverable natural gas in federal offshore areas.
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MMS Updates Technically Recoverable OCS Natural Gas Estimate to 406.1 Tcf
Updating its estimates for undiscovered technically recoverable resources (UTTR) underlying offshore waters on the Outer Continental Shelf (OCS), the Minerals Management Service (MMS) said Tuesday that new exploration activities in the Gulf of Mexico and in the Scotian Basin offshore Canada has revealed that 76 billion barrels of oil and 406.1 Tcf of natural gas are technically recoverable from federal offshore areas.
December 22, 2004
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