IADC joins joint offshore leasing advocacy steering group
As IADC continues to work with congressional stakeholder proponents to compel the drafting of the next U.S. Five-year Offshore Leasing Plan, it has recently partnered with other upstream trade associations to further leverage necessary actions and priorities. The benefits derived from coherent and purpose driven policy initiatives cannot be understated as it relates to the necessary certainty for offshore development. As the unpresented gap in the absence of a Five-year plan continues to persist, substantial capital and strategic development plans are sidelined with no near-term insight for when offshore interests may re-engage U.S. offshore project plans. This advocacy steering group will align industry priorities and communicate exigent concerns to policy makers with a focus on expediting the necessary actions to see that the Department of the Interior and BOEM issue a new Five-year plan in shorter order.