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- W123472853 abstract "As pointed out by the US Geological Survey, offshore drilling experience in the Gulf of Mexico - where on the average, one field containing 100 million bbl of oil or 600 billion ft/sup 3/ of gas has been found for every 97 exploratory wells drilled since 1948 - strongly suggests that returns to drilling are much better in the unexplored frontier areas of the continental margin than in the intensively prospected provinces onshore - where returns have historically been one such field for every 5100 wells drilled. Although the unexplored areas onshore in the Lower 48 may yield 3 times the volume of gas estimated in the entire continental shelf, the relative economy of resources and time promised by the offshore areas in finding large accumulations make them attractive exploration targets. Despite this economy, estimated lead times for the exploration-drilling-production cycles of offshore operations along the Alaska, California, Atlantic, and Gulf coasts show that after the first well is drilled, it takes 4 to 8 years for a hydrocarbon field to reach its peak production. Thus most new supplies from the frontier OCS areas will not reach US markets until the later 1980's or the 1990's." @default.
- W123472853 created "2016-06-24" @default.
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- W123472853 date "1977-01-01" @default.
- W123472853 modified "2023-09-27" @default.
- W123472853 title "Outlook for new sources of gas supply: new offshore areas" @default.
- W123472853 hasPublicationYear "1977" @default.
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