The Ultra-Deepwater Program is designed to safely exploit the ultra-deepwater resource base and to convert currently identified (discovered) resources into economic recoverable (proven) reserves, while protecting the environment, thereby providing the citizens of the United States with secure and affordable petroleum supplies. This goal will be achieved by:
· Increasing the production of ultra-deepwater oil and gas resources
· Reducing the costs to find, develop, and produce such resources
· Increasing the efficiency of exploitation of such resources
· Increasing production efficiency and ultimate recovery of such resources
· Improving safety and environmental performance by minimizing environmental impacts associated with ultra-deepwater exploration and production
Many awards under the RPSEA Ultra-Deepwater Program are made to a team consisting of researchers along with producers or service companies that are in a position to evaluate and apply new technology. Each proposal must provide a minimum of 20% cost share, with up to 50% for field demonstration projects.
2007 Ultra-Deepwater Abstracts
