Nearly 2 billion acres of offshore public domain is owned by the
United States adjacent to Alaska and the lower 48 States. Much of
the Nation's future domestic petroleum supply is expected to come
from this area. Areas of highest potential apparently occur in deep
water and in the Arctic where operating conditions are severe,
development costs high, and financial risks immense. As the pace of
exploration increases in these "frontier" regions, questions arise
about the technologies needed to safely and efficiently explore and
develop oil and gas in harsh environments. The Office of Technology
Assessment undertook this assessment at the join request of the
House Committees on Interior and Insular Affairs and on Merchant
Marine and Fisheries. The study explores the range of technologies
required for exploration and development of offshore energy
resources and assesses associated economic factors and financial
risks. It also evaluates the environmental factors related to
energy activities in frontier regions and considers important
government regulatory and service programs.
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