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DOCUMENT RESUME
00190 - [A0891620]
[Rational Exploration and Devejopment of Outer Continrantal Sheli
Resources]. march 7, 1977. 10 pp. + 2 enclosures (4 pp.).
Testimony before the Hcuse Select Committee on Outer Continental
Shelf; by Monte Canfield, Jr., Director, Energy and minerals
riv.
Contact: Energy aad Minerals Div.
Budget Function: Natural Resources, Environment, and Energy:
Energy (3%5).
Organization roncerued: Department of the Interior.
Congressional Relevance: House Select Committee on Outer
Continental Shelf.
Authority: H.R. 1614, sec. 208 (95th Cong.).
Improved policies i id procedures are needed for the
rational explcration and development of the Outer Cont'nental
Shelf (OCS) resources. An assessment of the first frontier sale
-- OCS Sale 35 off the California coast -- zev~aled that the
Departsent of the Interior's tract selection and evaluation
process was not reliable, and biddi; was not geverally
competitive. In a4dition, the pre -.IAtse tract evaluation usod
in making accent/reject decisions on industry bids were based on
inadequate data. The Department's current revenue estimating
process for OCS sales is based on inadequate i-fcroation; it
often includes overly optimistic estimates; and it relies on
various errors t, cavcel each other out and yield a reasonable
estimate. Under the present leasing system, the Federal
GovernmeDt is frequently committed to lease before it has
sufficient information to make intelligent choices. The
Department of the Interior should: direct a geolcgical
exploration program which would provide for the systecatic
development and implementation of a plan for appraising OCS oil
and gas resources, encourage private industry to conduct the
drilling identified in the plan, and take necessary steps to
encourage industry to obtain further information after the tract
selection process is completed, and offer for lease sale only
tf lse areas for which sufficient information has been collected
&nd analyzed. (RRS)](ViewImageLocal?handle=hein.gao/gaobadxsl0001&div=1&collection=&method=preview&ext=.png&size=3)