RPSEA has completed its 2010 Draft Annual Plan (DAP), a component of the Ultra-Deepwater and Unconventional Natural Gas and Other Petroleum Resources Research and Development Program Annual Plan established to the Energy Policy Act of 2005 (EPAct).
A DAP is written and submitted by RPSEA and is used as the input for a final Annual Plan that must be approved by the Secretary of Energy each year. The 2010 DAP is an evolutionary document building upon the foundation of the 2007 through 2009 approved Annual Plans. At this stage of RPSEA’s program, the objectives are: the continued aggressive engagement of the private sector and research communities to enhance the value of the public/private partnership; a focus on building, maintaining, and managing the optimal portfolio contemplated by the original DAPs; and, the transition from planning to execution of the plans. Each of the three RPSEA program portfolios, ultra-deepwater, unconventional resources and small producer, have developed according to plan, and the 2010 DAP continues that evolution to build the foundation required for optimal portfolio composition.