Bill introduced to amend offshore OCS revenue sharing

In January 2017, BP started up the Thunder Horse South Expansion in the deepwater Gulf of Mexico, a major project that added a new subsea production system roughly two miles to the south of the existing Thunder Horse platform. BP photo.

U.S. Senators Bill Cassidy, R-La., and Lisa Murkowski, R-Alaska, introduced a bill (S. 2418) last week to amend the Gulf of Mexico Energy Security Act of 2006 (GOMESA).

The Conservation of America’s Shoreline Terrain and Aquatic Life (COASTAL) Act legislation would modify the current offshore energy revenue sharing program in the Gulf and create a new revenue sharing program for future offshore energy production in Alaska.

Cassidy and Murkowski were joined in introducing the legislation by U.S....

https://www.workboat.com/news/offshore/bill-introduced-to-amend-offshore-ocs/

Leave a Comment