Oil and Gas
Oil and Gas

Author: Frank Rusco

Publisher: DIANE Publishing

Published: 2011-02-10

Total Pages: 15

ISBN-13: 1437986838

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Statement of Frank Rusco, Dir., Natural Resources and Environment, GAO. The Dept. of the Interior oversees oil and gas activities onleased federal lands and waters. Revenue generated from federal oiland gas production is one of the largest nontax sources of federalgovernment funds, accounting for about $9 billion in FY 2009. Since the April 2010 explosion on board the Deepwater Horizon, Interior has been restructuring the bureaus that oversee oil and gas development. Specifically, Interior's Bureau of Land Mgt. (BLM) oversees onshore federal oil and gas activities; the Bureau of Ocean Energy Mgt., Regulation, and Enforcement (BOEMRE) created in May 2010 oversees offshore oil and gas activities; and the newly established Office of Natural Resources Revenue (ONRR) is responsible for collecting royalties on oil and gas produced from both onshore and offshore federal leases. Prior to BOEMRE, the Minerals Mgt. Service's (MMS) Offshore Energy and Minerals Mgt. Office oversaw offshore oil and gas activities and revenue collection. In 2011, GAO identified Interior's management of oil and gas resources as a high risk issue. This testimony discusses GAO's work in this area, which identified challenges in five areas: (1) reorganization, (2) balancing responsibilities, (3) human capital, (4) revenue collection, and (5) development of existing leases. This is a print on demand report.

GAO Documents
GAO Documents

Author: United States. General Accounting Office

Publisher:

Published: 1986

Total Pages:

ISBN-13:

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Catalog of reports, decisions and opinions, testimonies and speeches.

Macondo Well Deepwater Horizon Blowout
Macondo Well Deepwater Horizon Blowout

Author: National Research Council

Publisher: National Academies Press

Published: 2012-03-02

Total Pages: 213

ISBN-13: 0309221412

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The blowout of the Macondo well on April 20, 2010, led to enormous consequences for the individuals involved in the drilling operations, and for their families. Eleven workers on the Deepwater Horizon drilling rig lost their lives and 16 others were seriously injured. There were also enormous consequences for the companies involved in the drilling operations, to the Gulf of Mexico environment, and to the economy of the region and beyond. The flow continued for nearly 3 months before the well could be completely killed, during which time, nearly 5 million barrels of oil spilled into the gulf. Macondo Well-Deepwater Horizon Blowout examines the causes of the blowout and provides a series of recommendations, for both the oil and gas industry and government regulators, intended to reduce the likelihood and impact of any future losses of well control during offshore drilling. According to this report, companies involved in offshore drilling should take a "system safety" approach to anticipating and managing possible dangers at every level of operation-from ensuring the integrity of wells to designing blowout preventers that function under all foreseeable conditions-in order to reduce the risk of another accident as catastrophic as the Deepwater Horizon explosion and oil spill. In addition, an enhanced regulatory approach should combine strong industry safety goals with mandatory oversight at critical points during drilling operations. Macondo Well-Deepwater Horizon Blowout discusses ultimate responsibility and accountability for well integrity and safety of offshore equipment, formal system safety education and training of personnel engaged in offshore drilling, and guidelines that should be established so that well designs incorporate protection against the various credible risks associated with the drilling and abandonment process. This book will be of interest to professionals in the oil and gas industry, government decision makers, environmental advocacy groups, and others who seek an understanding of the processes involved in order to ensure safety in undertakings of this nature.