EWTC joined the National Ocean Industries Association (NOIA) on a letter to the U.S. Interior Secretary, Doug Burgum, to use existing authority under the Outer Continental Shelf Lands Act to advance policies that strengthen investment and energy production in the U.S. Gulf of America. Targeted incentives and regulatory actions could unlock billions of barrels of stranded offshore resources by increasing exploration investment, stimulating new drilling and tiebacks, extend field life, and preventing premature abandonment. Supporting development in the US OCS will help stabilize energy costs for consumers during period of global market volatility driven by tensions in the Middle East. This letter emphasizes that continued development of America’s OCS is a key component of continued US energy dominance.
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