IAGC President Applauds API and NOIA for Study on Economic Benefits of Atlantic
Offshore Oil and Gas Development
HOUSTON, TX -- (Marketwired) -- 12/06/13 -- International
Association of Geophysical Contractors President Chip Gill today
issued the following statement on the joint API and NOIA commissioned
study on the economic benefits of increasing access to offshore oil
and natural gas in the Atlantic:
"IAGC applauds API and NOIA on the release of this most important and
relevant report. There is no doubt that opening the Atlantic outer
continental shelf (OCS) to oil and gas exploration would be a
significant economic benefit not only to the states' economies of
Virginia, North Carolina, South Carolina, Georgia and Florida, but
also to the US economy as a whole. The report, conducted by Quest
Offshore Inc., provides needed information for policymakers as they
address the issue of Atlantic OCS oil and natural gas exploration.
Included in the economic benefit to the states and the federal
government is seismic data acquisition and processing -- which is an
integral part of the exploration process. The last surveys of the
Atlantic OCS were conducted 30 years ago. New seismic surveys --
utilizing modern survey technology -- are necessary in the Atlantic
to update old estimates, allowing our government to make informed
policy decisions about the next steps."
IAGC is the international trade association representing
the industry that provides geophysical services (geophysical data
acquisition, seismic data ownership and licensing, geophysical data
processing and interpretation, and associated service and product
providers) to the oil and gas industry.
More information on IAGC and the geophysical industry can be found at
http://www.iagc.org and http://geophysicsrocks.com.
For reference material on Marine Mammal Protection, see
For a video overview of marine seismic operations, see
Director of Communications
713-957-8080 - office
281-780-4520 - mobile
International Association of Geophysical Contractors
1225 North Loop West
Houston, Texas 77008 USA
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