• A projected $260 billion total cumulative spending along the Atlantic OCS, including $22 billion/year by the oil and gas industry after initial lease sales, supporting 265,000 jobs nationwide.
• An estimated $160 billion total cumulative spending along the Pacific OCS, including $25 billion/year by industry after initial lease sales, supporting 300,000 jobs.
• A projected $118 billion total cumulative spending in the eastern gulf, including $14 billion/year by industry after initial lease sales, supporting 165,000 jobs.
• An estimated $53.4 billion total cumulative spending on Alaska’s portion of the OCS, including an average $2 billion/year by industry, supporting 13,500 jobs.
“Ultimately, the studies confirmed what the oil and natural gas industry has supported over the years: Opening the currently restricted OCS areas could increase economic benefits not only specifically to the coastal regions near offshore development, but also nationally as well,” Milito said. Meanwhile, the National Ocean Industries Association submitted comments strongly encouraging the US Department of the Interior to proceed with lease sale planning in all 25 areas proposed in the Draft Proposed 2019-24 OCS Leasing Program. It specifically supports the annual offering of all acreage in the central and western gulf and the opening of the eastern gulf as soon as the current moratorium expires. NOIA also recommended conducting lease sales early in the plan in the Beaufort and Chukchi seas as well as in the Mid-Atlantic, South Atlantic, and North Atlantic and southern California planning areas. “This is the first draft proposed offshore leasing program in nearly two generations to look at virtually all federal offshore lands,” NOIA Pres. Randall B. Luthi said.