Page 23: of Marine News Magazine (September 2020)

Offshore Annual

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Offshore NOIA

By Erik Milito economic growth, it supports the envi- tice. Furthermore, the offshore oil and would cut them by 75% to 85%.

ronment and strengthens our national gas industry is an established part of Development of the Gulf of Mexico security. Every barrel produced in the the fabric of the Gulf Coast, providing has led to the creation of world-class

U.S. Gulf of Mexico, is a barrel that employment and economic support for infrastructure and some of the most

American consumers – and our allies – coastal and local communities through robust environmental and safety regula- do not have to import from countries the region. Our companies and their tions and standards in the world. Com- such as Russia and Venezuela. employees are proud neighbors and panies want to keep working in the Gulf

Government revenues from our greatly contribute to the support of the of Mexico. Since 2014, the region has offshore oil production can be used local education, healthcare and social trailed only Guyana as being the most to fund vital programs, including pro- needs of the local communities. productive prospective offshore region. grams furthering environmental stew- The bene

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