The announcement follows a 2017 congressional mandate requiring the programme, which will determine where and under what terms and conditions leasing will occur in the 1.56 million-acre Coastal Plain within the 19.3 million-acre ANWR.
“Today’s announcement brings us one step closer to unlocking Alaska’s energy potential, which will create good-paying jobs and provide a new revenue stream for the state,” API Senior Vice President of Policy, Economics and Regulatory Affairs Frank Macchiarola said. “This follows a rigorous environmental review process confirming the oil and natural gas industry’s ability to safely develop in ANWR and underscoring its commitment to environmental stewardship. Our industry will continue to build on its long track record of partnering with wildlife organisations and local communities in the state to implement strong environmental protections while leveraging new technology to safely and responsibly develop these important energy resources.”
Read the article online at: https://www.oilfieldtechnology.com/exploration/18082020/api-welcomes-approval-of-coastal-plain-oil-and-gas-leasing-program-in-alaska/