Atlantic Outer Continental Shelf (OCS)
The
Atlantic OCS area encompasses nearly
270 million acres,
all of which are off-limits to oil and gas leasing or exploration. The area is
estimated to contain over
3.8 billion barrels of oil
and nearly 37 trillion feet of natural gas. No drilling has occurred in the area
since 1984 so the
estimates are of questionable value.
Between 1959 and 1983
433 tracts
totaling almost 2.5 million acres were leased in the Atlantic OCS areas.
In 1976 and 1977 five
Continental Offshore Stratigraphic Test (COST) wells were drilled
to obtain geologic information before major leasing. A total of
49 exploratory wells were drilled, none of which made it to
commercial production.
The most promising prospect in the Atlantic OCS area was the
Manteo unit,
about 45 miles offshore of North Carolina. The state denied
approval of the plans for Manteo and the last eight leases in the
Atlantic were
relinquished in 2000.
No Atlantic lease sales
have been held since 1983 and the
last exploratory well was drilled in 1984. A
lease sale is proposed for at least 50 miles offshore of Virginia in
2011 at the
request of the state of Virginia, but it would only be possible if
the presidential withdrawal is lifted and the
congressional moratorium discontinued.
Additional Atlantic OCS Resources
Georges Bank Petroleum Exploration
Area Resource Information
Publications Related to Atlantic coast
Atlantic Oil and Gas Activities July 1986 - June 1990
COST Wells and Exploratory Drilling
Planning areas
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