4th Annual Gulf Waters 2006 - Back to the Shelf - Into DeepWater and Beyond - Houston
Venue: Westchase Hilton
|Event Date/Time: Aug 29, 2006||End Date/Time: Aug 29, 2006|
|Early Registration Date: Aug 11, 2006|
The Times They Are a Changing! As the hope and expectation of vast reserves increases so do the costs and challenges of doing business in the Gulf of Mexico. Deepwater and deep shelf plays are facing challenges and limitations. In the summer of 2005 acts of nature converged on the Gulf of Mexico bringing the vulnerability, limitations and the country’s reliance on these resources to meet its needs to the forefront.
Hurricanes Katrina and Rita will likely have lead to proposed regulations and/or changes to existing requirements. Production has been permanently lost and the cost to bring it back can not be justified. Production was on hold when refineries were not able to take in reserves. The cost of business such as insurance, rigs and crews are increasing as fast as the price of oil. Availability of rigs, crews and seismic vessels are limited. In the past year their have been significant changes in Players.
On the legislative front there is a lot of talk about revenue sharing, opening up new areas to drilling, changes to royalty relief, etc. What is the latest news and what impact will these changes have on the 50+ companies operating in the Gulf?
Uncertainty abounds, change seems to be the only constant. Will the changes provide more access to previously off-limits technically recoverable resources and increase domestic production? Can resolution to the disputes and debates over deepwater royalty relief, environmental concerns, off-limit areas for production, necessary improvements to and expansion of infrastructure and new rigs come in time for companies to continue developing the Gulf? Will technology be available in time? How has and will Congress and the government resource managers react to the challenges and limitations industry faces? What impact will developing alternative uses of the OCS have on the industry? When the 10 year leases expire who will the players be? Will Independent still play a major role?
Since early 2003 The Energy Forum, LLC has produced forums that bring together the major players in the Gulf of Mexico to discuss current issues & challenges. The Energy Forum, LLC was the first to focus on the Deep Gas Shelf Play. Over 600 individuals from 200+ companies have attended the Gulf Waters / Back to the Shelf Series.
Gulf Waters 2006 will bring together Gulf of Mexico Operators, Service Companies, Oil & Gas Industry Associations & Government in our 4th annual forum discussing the Gulf of Mexico’s Energy Future and the latest available Technology.