As the debate over offshore drilling continues to rage on, one point of contention is the experience of companies in this field. While many companies have been drilling for oil in the Gulf of Mexico for decades, the vast majority of them lack experience when it comes to the East Coast. However, there are a few companies who have served the oil industry for decades and have the experience necessary to undertake offshore drilling on the East Coast.
1. The debate over offshore drilling is ongoing.
2. Companies that have been drilling in the Gulf of Mexico lack experience on the East Coast.
3. Some companies have decades of experience in the oil industry and are qualified for offshore drilling on the East Coast.
4. Companies with experience in the Gulf of Mexico have established safety protocols and are familiar with managing environmental factors specific to that region.
5. The East Coast has not seen the same level of oil drilling activity as the Gulf of Mexico.
According to the Bureau of Ocean Energy Management, only 17% of oil and gas production in the Gulf of Mexico comes from companies with over 50 years of experience, whereas 72% of oil and gas production comes from companies with less than 10 years of experience in the region.
Having served the oil industry for decades, these companies are well-versed in the challenges and complexities of drilling in the Gulf. They have established comprehensive safety protocols and have extensive experience in managing various environmental factors encountered in this unique region. However, the same cannot be said for the East Coast, as it has not witnessed the same level of oil drilling activity.