HOUSTON--(EON: Enhanced Online News)--More than 170 projects managed by the Research Partnership to Secure Energy for America (RPSEA) generated over $150 billion in direct economic value from jobs, royalties and revenue, and yielded over $40 billion in environmental damage mitigation, the organization announced today. The economic findings were outlined in a report provided by RPSEA to the U.S. Department of Energy (DOE) as part of its Ultra-Deepwater and Unconventional Natural Gas and Other Petroleum Resources Research Program, established pursuant to Title XI, Subtitle J, Section 999 of the Energy Policy Act of 2005 (EPAct).
“RPSEA’s work has provided the nation with tremendous results with return on investment that helped the U.S. become the global leader in oil production.”
RPSEA conducted the research in three program areas: ultra-deepwater architecture and technology, unconventional natural gas and other petroleum resources exploration and production technology and technology challenges of small producers. Within the three research areas, RPSEA successfully managed 170-plus projects utilizing $350 million for the DOE’s National Energy Technology Laboratory (NETL).
The projects, several of which are already commercial, have resulted in improved safety, reduced environmental risk and increased energy security, RPSEA President Tom Williams said.
“We are very proud of the success that RPSEA has achieved in providing commercially applicable technology enhancements to improve safety, environmental performance and overall productivity,” Williams said. “RPSEA’s work has provided the nation with tremendous results with return on investment that helped the U.S. become the global leader in oil production."
Williams added: “Our report documents the most successful public-private partnership for oil and gas research and development in the U.S. and lays the foundation for future endeavors to build upon this success. As RPSEA moves into the next phase of this partnership, we are well-positioned to tackle the greatest challenges facing the oil and gas industry and ensure the U.S. will have a vibrant commercial energy future for years to come.”
RSPEA’s final report identified several areas where additional research can result in significant positive impacts on U.S. oil and gas exploration and production. Onshore projects may include:
- Cost-effective treatment of produced water
- Reducing emissions from operation using power from stranded and flared natural gas
- Identifying and developing residual oil zones
- Addressing induced seismicity
- Improving drilling safety
- Real time data management
- Improving recovery factors
Offshore projects, meanwhile, may address:
- Improved safety technology
- Reservoir characterization and IOR technologies
- Inspection technologies for infrastructure and facilities
- Riser life-cycle management systems
- Improvements in subsea flow assurance measurements and smart cementing
- Drilling fluids
Founded in 2002, RPSEA is a unique 501(c)(3) non-profit, national consortium that provides focused research and development to deploy safe and environmentally sensitive technology that can deliver hydrocarbons from domestic resources to the citizens of the United States. Its membership consists of nine of the nation’s premier research universities, five national laboratories, other major research institutions, large and small energy producers, and energy consumers.