A study from Energy & Industrial Advisory Partners (EIAP) details the diversity of companies and the multitude of jobs involved in exploration, development, and production of offshore oil and natural gas in the Gulf of Mexico. The study, “The Gulf of Mexico Oil & Gas Project Lifecycle: Building an American Energy & Economic Anchor,” describes the 30-year lifecycle of each offshore O&G project and how it serves as an economic engine with high-paying jobs. The multitude and diversity of U.S. offshore oil and gas jobs begin well before any lease sale, according to National Ocean Industries Association (NOIA) President Erik Milito. Jobs and spending for offshore O&G projects begin well before a lease is signed with the U.S. government and continues through decommissioning. The continued pause of Gulf of Mexico lease sales removes a critical revenue stream, but also puts jobs and billions of dollars of investment at risk, the study said. There are more than 200 different types of jobs identified in the EIAP study. Average annual wages for those jobs is $69,650. The GoM supported more than 345,000 jobs in 2019. The numbers are projected upward to over 400,000 jobs if the right government policies are in place. (Source: Work Boat 08/12/21) Download the report at Microsoft Word - The Gulf of Mexico Oil & Gas Project Lifecycle (noia.org)
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