On July 18, 2014 the Bureau of Ocean Energy Management (BOEM), a division of the U.S. Department of the Interior, announced that it would allow for modern surveys of the Mid- and South-Atlantic coast to update 40-year old data on offshore petroleum resources. This type of advanced seismic mapping will yield a far more accurate picture of offshore oil and natural gas reserves than what is currently available. The BOEM announcement could present significant opportunity for South Carolina, perhaps as soon as 2018.
What would offshore energy exploration mean for South Carolina in terms of potential revenue, economic development and jobs? What would it mean for our tourism industry and beautiful coast? These questions and more are explored in our groundbreaking report SC’S Offshore Opportunity: Economic & Environmental Impacts of Atlantic Energy Exploration. Learn more at www.OffshoreOpportunity.com.