The IAGC applauds Interior Appropriations Subcommittee Chairman Ken Calvert and the House for passing a bill which continues to allow the geophysical industry opportunities to map the Atlantic Outer Continental Shelf and Gulf of Mexico.
Houston, TX (PRWEB) July 14, 2016
This week the U.S. House of Representatives rejected three amendments aimed at blocking the acquisition of new seismic data offshore Florida and in the Atlantic. The IAGC applauds Interior Appropriations Subcommittee Chairman Ken Calvert and the House for passing a bill which continues to allow the geophysical industry opportunities to map the Atlantic Outer Continental Shelf (OCS) and Gulf of Mexico.
The last surveys of the Atlantic OCS were conducted more than 30 years ago. New seismic and other geophysical surveys are the critical first step to updating those resource estimates and better understanding the resource potential, providing policy makers and regulators with critical information they need to make informed decisions about oil and gas development based on the best available data and not speculation.
Seismic and other geophysical surveys have been safely conducted in the U.S. and around the globe for more than 50 years. The geophysical industry takes a great deal of care and consideration of all aspects of the marine environment and has consistently demonstrated its ability to operate in an environmentally responsible manner.
In other actions on the bill, Congress also voted to block implementation of the Administration’s National Ocean Policy, a plan which IAGC opposes as it seeks to add layers of bureaucracy to management of offshore resources.
About the IAGC
The IAGC represents more than 125 member companies worldwide from all segments of the geophysical industry and is the only trade organization solely dedicated to representing the industry. It is the leader in geophysical technical and operations expertise and for more than 45 years, the IAGC has worked to optimize the business and regulatory climate and enhances public understanding to support a strong, viable geophysical industry essential to discovering and delivering the world’s energy resources.