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CURRENT OCEAN ENERGY AND COASTAL POLICY ISSUES

CURRENT OCEAN ENERGY AND COASTAL POLICY ISSUES . Presentation by Paul L. Kelly Senior Vice President, Rowan Companies, Inc. (ret.) President, Gulf of Mexico Foundation . SUMMARY OF ISSUES. An Ocean Blueprint for the 21 st Century President Bush’s Ocean Action Plan

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CURRENT OCEAN ENERGY AND COASTAL POLICY ISSUES

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  1. CURRENT OCEAN ENERGY AND COASTAL POLICY ISSUES Presentation by Paul L. Kelly Senior Vice President, Rowan Companies, Inc. (ret.) President, Gulf of Mexico Foundation

  2. SUMMARY OF ISSUES • An Ocean Blueprint for the 21st Century • President Bush’s Ocean Action Plan • Concept of Regional Ecosystem-based Management • Gulf of Mexico Alliance • Gulf of Mexico Foundation • Joint Ocean Commission Initiative (JOCI) • Law of the Sea Convention • Exploring for oil & gas beyond 200 miles offshore

  3. AN OCEAN BLUEPRINT FOR THE 21ST CENTURY • The report of the U.S. Commission on Ocean Policy, July 21, 2004 • Sixteen members appointed by President Bush from a diverse group nominated by Congress • Public hearings throughout US coastal regions, including the Great Lakes • www.oceancommission.gov

  4. President Bush’s Ocean Action Plan • Response to Ocean Commission report • Committee on Ocean Policy • Interagency Committee on Ocean Science and Resource Management • Joint Subcommittee on Ocean Science and Technology • “Charting the Course for Ocean Science in the United States for the Next Century”, January 26, 2007 • Ocean Research and Resource Advisory Panel (ORRAP)

  5. The Concept of Regional Ecosystem-based Management • Coastal states should collaborate in addressing ocean and coastal issues on the basis of linked environmental systems and issues which cross over political boundaries, such as river systems, habitat, water quality and excess nutrients

  6. The Gulf of Mexico Alliance • Governors’ Ocean Action Plan, March 2006 – March 2009Gov. Jeb Bush, Florida, Chairman • Partnership with Federal Agencies • Water Quality • Wetlands Restoration • Environmental Education • Characterization of Gulf Habitats • Reduction of Nutrients

  7. The Gulf of Mexico Alliance • Second Meeting of Governors under new Chairman, Governor Haley Barbour of Mississippi – August 24, 2007 • Reports on Action Plan Items by Working Groups • Recognition of Importance of Involving Industry and NGOs • States’ Pledge to Cooperate and Collaborate • Bottom-up approach • A healthy Gulf of Mexico involves environmental and economic sustainability • Ocean Observation

  8. Gulf of Mexico Foundation gulfmex.org • Education projects • Habitat restoration • “Down Under, Out Yonder” sponsorship • Funding expansion • Corporate sponsors Courtesy: GOMF

  9. The Joint Ocean Commission Initiative (JOCI) • Co-chairs: Adm. James D. Watkins (Ocean Commission) and Hon. Leon Panetta (Pew Commission) • Four Commissioners from each Commission selected to be members of JOCI • Funding provided by Packard Foundation • Encouraging regional management; active with Governors • Commissioners active at White House, on Capitol Hill and with federal agencies in promoting its recommendations and increased budget for the oceans

  10. Law of the Sea Convention • Strong support from the Ocean Commission, which also advocated increased US international leadership in ocean issues • Petroleum industry support of U.S. Senate approval – exploring beyond 200 miles offshore • Senate Foreign Relations Committees Hearings October 2007 • Significance of Russia planting flag at North Pole • Prospects for US Ratification • Continental shelf mapping and surveying

  11. Worldwide Extended Shelf Potential Submissions filed with UN Commission on Limits of Outer Continental Shelf Submissions likely to be filed Courtesy: ISA

  12. Arctic Seas

  13. Five Nations having Potential Extended Shelves in Arctic

  14. OCS Extension Approved

  15. Icebreaker Courtesy: UNH

  16. Gulf of Mexico Leases in Perspective Courtesy: MMS

  17. Discoveries Close to 200-mile Limit Courtesy: MMS

  18. Advances in Technology: BP’s Thunderhorse • World’s largest semisubmersible • 150 miles southeast of New Orleans • Water depth 6,050 ft • Daily production 275,000 bbls oil220 mcf natural gas Courtesy: MMS

  19. Shell’s Perdido Development • Deepest ever spar platform in 8,000 ft of water • 9,5000-ton topsides • Location: Alaminos Canyon near maritime boundary with Mexico 200 miles south of Houston Courtesy: Offshore Engineer

  20. Perdido: Also a Leap Forward in Pipeline Technology • Deepest tie-in ever (5,000 ft) • Pipeline starts 200 miles south of Houston • Hoover tie-in 75 miles north of Perdido platform Courtesy: Oil & Gas Journal

  21. Conclusion • Does the US have the technology to explore and develop beyond 200 miles offshore? • The answer is a resounding “YES”! • For this and many other reasons, it is time for the US Senate to give its advice and consent to US ratification of the Law of the Sea Convention. Courtesy: Houston Chronicle

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