US offshore oil and gas leasing plan for 2017-2022 focuses on Gulf of Mexico, excludes Arctic
Green Car Congress
NOVEMBER 19, 2016
The Proposed Final Program makes available areas containing approximately 70% of the economically recoverable resources in the OCS. Moreover, due to the high costs associated with exploration and development in the Arctic and the foreseeable low projected oil prices environment, demonstrated industry interest in new leasing currently is low.
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