Arab Today, arab today oil interest in gulf of mexico may surge
Last Updated : GMT 06:51:55
Arab Today, arab today
Arab Today, arab today

Oil interest in Gulf of Mexico may surge

Arab Today, arab today

Arab Today, arab today Oil interest in Gulf of Mexico may surge

Houston - UPI

Oil interest in the deep waters of the Gulf of Mexico is in the early stages of a major long-term growth period, an investment analyst said. The U.S. government imposed a nine-month moratorium on deep-water work in the Gulf of Mexico following the oil spill there in 2010. Jud Bailey, an analyst at brokerage company International Strategy and Investments, was quoted by the Platts news service as saying there was growing interest in the region. \"The deep water Gulf of Mexico is in the early stages of an extended growth cycle and is poised to be the strongest offshore market in the world through 2015,\" he said. In November, the U.S. Department of Interior\'s Bureau of Ocean Energy Management had lease sale 229 in New Orleans, putting more than 20 million acres offshore on the auction block. The agency estimated the lease could result in the production of, on average, 150 million barrels of oil and 730 billion cubic feet of natural gas. Bailey said his company\'s research into future drilling plans suggests there may be as many as 60 rigs operating in the region within five years. \"While an increase in deep-water drilling activity is widely expected in the Gulf of Mexico, the magnitude of the increase is under-appreciated,\" he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oil interest in gulf of mexico may surge Arab Today, arab today oil interest in gulf of mexico may surge

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oil interest in gulf of mexico may surge Arab Today, arab today oil interest in gulf of mexico may surge

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday