GulfSlope Energy Inc (GSPE)

[smith199]

There is more positive news for the GOM.

A recent report from the National Ocean Industries Association (NOIA) reveals that greenhouse gas intensity of US oil production, particularly in the US Gulf of Mexico, is significantly lower compared to most other regions around the world.

Highlights from the report:

* Total US oil production has a carbon intensity 23% lower than the international average.

* The US Gulf of Mexico has a carbon intensity 46% lower than the global average.

* Using the API Gravity of 37.5 of typical GOM crude, results in a 50% reduction in the average international carbon intensity.

Excerpts of comments by Erik Milito, President of NOIA:

* The US Gulf of Mexico energy production sets the standard for oil and gas production worldwide.

* The Gulf of Mexico produces a massive amount of energy with a remarkably small footprint.

* This study validates the importance of the US Gulf of Mexico as a source of energy with demonstrably lower carbon intensity barrels.


Link to the report and article for more information on the value and favorable economics of oil and gas production in the US GOM:

https://www.noia.org/wp-content/uploads/2023/05/NOIA-Study-GHG-Emission-Intensity-of-Crude-Oil-and-Condensate-Production.pdf?utm_source=Mailchimp&utm_medium=email&utm_campaign=ICF+study+emissions+

https://www.offshore-mag.com/regional-reports/us-gulf-of-mexico/article/14293916/report-us-gulf-of-mexico-production-has-lower-ghgs-than-most-other-oilproducing-regions





Mrs. Smith