Offshore Energy

Increasing access to domestic sources of oil and natural gas would create new, good jobs when millions are still looking for work; bring billions of dollars to federal and state treasuries as governments are scrambling for revenue; reduce our balance of trade, and enhance America’s energy security.

Access to offshore resources currently off-limits in the Atlantic and Eastern Gulf of Mexico will benefit all Americans by providing more oil and natural gas to fuel our economy and maintain our quality of life.

A balanced “all-of-the-above” energy policy will create jobs, spur investments in all forms of energy, and promote our country's national security by bolstering our energy security. 

If started soon, Atlantic OCS oil and natural gas production could contribute $2.1 billion to Virginia's state economy within 20 years.

And our state could see tens of thousands of jobs supported by offshore energy activity.

20 Yr Job Chart VA

 

Offshore energy development is safe and technologically advanced, and the industry is working continually to make it safer.  Coastal communities’ want to protect beaches, tourism and fishing.  And that is the desire of the industry and the workers as well.  And this is being borne out in performance, steady improvements in technology and proactive standards-setting.  

The U.S. oil and natural gas industry is committed to meeting the nation’s energy needs while maintaining safe and environmentally sound operations. This requires continuous investment and improvement in every phase of preparedness and operations in which oil is produced, transported, stored, and marketed.   

Today, more than 99.9995% of the oil produced, refined, stored, and transported in the United States reaches its destination safely and without incident. This performance is the result of years of investment in continuously improving practices and technologies. Exploration and production facilities use advanced technologies, materials, and practices, which incorporate multiple back-up safety systems.

Drilling for the oil and natural gas that drive our country’s economy and support Americans’ modern standard of living is an industrial process with acknowledged risks – risks that can be managed through training, regularly updated standards, technological advances and effective federal and state oversight.

Making safe offshore operations even safer is the reason industry created the Center for Offshore Safety several years ago.  The center works with individual companies to systematize safe operations through effective safety and environmental management systems that the federal government requires of OCS operators.  These safety systems are designed to prevent incidents and protect workers and the environment, and they are subject to regular third-party audits. These systems form industry’s “safety culture” in offshore development.

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