Some Known Details About Offshore Drilling Rigs For Sale - Horizon Ship Brokers, Inc.

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Given that the Offshore Technology Conference is happening, we have actually been discussing offshore rather a bit this week, and I believed I would check out how overseas drilling works. Being geographically near the Gulf of Mexico (Go, M), I'm going focus my attention there. Our recent analysis of top oil producing and top gas producing counties consisted of some huge overseas locations.

Successful Gulf of Mexico Lease Sale Yields $275 Million in High Bids on  913,542 Acres in Central Planning Area - U.SDepartment of the Interior

Recently The Lower Tertiary in the Go, M has actually remained in the news with substantial possible 15 billion barrels of oil. Compare that to EIA approximated 29 billion barrels in reserve onshore United States, and you have a great exploration opportunity. To Check out and Produce offshore you need a platform (normally referred to as a rig) from which to drill wells, extract product, and in the majority of cases keep the oil or gas until it can be transferred to refineries or other locations.

Half a million Gulf of Mexico acres leased for offshore oil drilling Can Be Fun For Everyone

Thanks, Terry!] Where to drill The Geology of the Go, M is mainly Jurassic and Cretaceous, when the basin motivated collection and evaporation of sea water, leaving behind build-ups of Salt and Gypsum, which then domed and trapped abundant hydrocarbons. Source:  How are leases structured? The Submerged Lands Act (SLA) of 1953 grants specific States rights to the natural deposits of immersed lands from the shoreline to no more than 3 nautical miles (5.

Newbuilt Jack-up Drilling Rig 300 ft- Allship - Shipbroker - Sale &  Purchase

The only exceptions are Texas and the west coast of Florida, where State jurisdiction extends from the coastline to no more than 3 marine leagues (16. 2 km) into the Gulf of Mexico. Source: https://www. boem.gov/ Federal-Offshore-Lands/ State and federal ownership of the seabed: Source: https://en. wikipedia.org/wiki/File:Offshore, Ownership, Limits. jpg Beyond the state limits in the Go, M there are Offshore Protraction Areas that are further partitioned into blocks that go up for quote from the federal government.