Alliance Members' Assistance Encouraged for New OCS Study
Contractors and suppliers currently or potentially providing goods and services to oil field operators in Alaska can play an important role in promoting OCS oil and gas activity by participating in a study being conducted by Northern Economics.
The study is part of a contract with the Bureau of Ocean Energy Management, Regulation & Enforcement (formerly Minerals Management Service) to upgrade a computer model the agency uses to estimate the economic impact of oil and gas activity in Alaska’s OCS on Alaska and the rest of the U.S.
The model is used in evaluating future OCS lease sales, and the current model significantly underestimates the level of economic activity and employment generated by OCS development.
Northern Economics, an Anchorage-based firm that provides economic and business assessments to public and private sector companies, is contacting contractors and vendors for information on employment levels and costs associated with services, materials and equipment they do or could supply to support OCS oil and gas activity. Interviews last an estimated 30-60 minutes.
“Early on, we at Shell realized that getting an accurate, fact-based understanding of the economics of the offshore opportunity in the Beaufort and Chukchi seas for Alaskans and policymakers was key to gaining support and access to these yet-unexplored resources,” says Pete Slaiby, vice president of Shell Alaska.
“Shell commissioned Northern Economics to conduct the 2008 study along with the Institute for Social & Economic Research (ISER) and found the resulting report to be extremely useful in our efforts. We strongly encourage Alliance members to participate in this new expanded body of work.”
The study does not seek proprietary information. Instead, it focuses on “typical” employment levels and costs for oil field goods and services. Information will not be attributed to any specific company or individual.
Posted: September 23, 2010