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  • Reserve down to 372.4 million bbls as of 12/30/2022
  • 222 million bbl decline (37.4%) in 2022
  • Lowest volume since 12/2/1983
  • Reserve is now depleted by nearly 1/2 (49%) from its capacity of 727 million bbls

Note the third paragraph in the cover letter for the attached Helicopter Safety Advisory Conference (HSAC) 2021 Safety Review (dated 2/10/2022), particularly this sentence:

There is a trend of doing more with less, for example decreases in the numbers of helicopters across the board, yet increases year-over-year in passengers carried, hours flown, and number of flights conducted.

The 2022 data will not be pretty. Clearly there are issues to be addressed.

“Mom” (US govt) strongly and openly favors one child (offshore wind) over the other (offshore oil and gas). As a result, beneficial family synergy is not realized, and neither “child” reaches her full potential.

The wind program was intended to complement the oil and gas program, not replace it.

These articles highlight some of the challenges facing offshore wind:

  • WSJ: Soaring Costs Threaten U.S. Offshore-Wind Buildout
  • Bloomberg: US Ignored Own Scientists’ Warning in Backing Atlantic Wind Farm
  • NJ.com: Offshore wind is on N.J.’s horizon but activists worry of impact to whales, economy, the view
photo courtesy of Lars Herbst

BOE an independent, unsponsored blog that is dedicated to offshore safety, pollution prevention, energy production, effective regulation, and responsible energy policy. If you would like to submit a post, leave a comment to that effect at any time.

Happy New Year! Bud

Did they write this news release with a straight face? Almost a shutout (could still be if the only bid is rejected). And they need 3 hours to process the results! 😉

That said, good for Hilcorp! They have a vision, and I hope they are successful.

As directed by the Inflation Reduction Act (IRA) of 2022, BOEM held Cook Inlet OCS Oil & Gas Lease Sale 258 on Friday, Dec. 30. 

The reading of the bids was conducted via livestream. The lease sale is now concluded. One bid was received on one block. The bid, in the amount of $63,983, was submitted by Hilcorp Alaska LLC.

Final sale results are currently being processed and will be posted to this page by 1 p.m. Alaska Time.

Following today’s sale, there will be a 90-day evaluation process to ensure the public receives fair market value before a lease is awarded, and a Department of Justice review of antitrust considerations. If a lease is awarded it will be posted to BOEM’s website when the review process is completed.

BOEM

ainonline:

  • This was the second crash for the operator (Rotorcraft) in two weeks, its second fatal for the year, and the third in the Gulf of Mexico since October.
  •  On December 15, a Rotorcraft Leasing Bell 206L-4 with three aboard crashed while taking off from a platform 35 miles south of Terrebonne Bay, Louisiana. In that accident, one of the helicopter’s skids caught under the helipad’s perimeter railing, and the aircraft fell into the water below. (We have concerns that yesterday’s incident may have had a similar cause.)
  • On October 26, a Westwind Helicopters Bell 407 with three aboard crashed into the Gulf 25 miles south of Morgan City, Louisiana after the pilot apparently experienced an in-flight medical emergency and told his front seat passenger he “was not going to make it” and then slumped over the controls. The front-seat passenger then attempted to gain control of the helicopter prior to the water impact. After several hours, both passengers were rescued with serious injuries, but the pilot died. (This is why I never liked single pilot aircraft.)
  •  Another of the company’s Bell 407s crashed on January 14 near Houma, Louisiana, killing both occupants. A witness to the accident said the helicopter appeared to dive nose-down into terrain. To date, investigators in that accident have not discovered any mechanical or structural failure that would account for that crash. 

Get to work HSAC, NTSB, BSEE, USCG, FAA, and all others who are involved with offshore helicopter safety.

Not a word about this tragedy on the Rotorcraft, Walter Oil & Gas, or BSEE websites, and no public statements can be found. At a minimum, one would have expected condolences to the families and a commitment to find out what happened and prevent recurrences.

From Lars Herbst:

  • Tragically, the pilot and 3 passengers are assumed dead.
  • Aircraft reported as Bell 407, a very common smaller aircraft used in the GOM
  • Crashed on departure; apparently hit the helideck before tumbling into the Gulf
  • Second Rotorcraft helicopter to go down in the Gulf in three months

The next Helicopter Safety Advisory Conference (HSAC) meeting, scheduled for January 18-19 in Houston, is now urgent.

Walter platform with helicopter debris in foreground