A major oil discovery at the “Bandit” prospect off Louisiana could generate up to $460 million in coastal restoration funding over the next decade via federal royalties starting as early as 2027. The project uses subsea tie-back technology to accelerate production and boost state shares under the GOMESA program.
A major oil discovery at the “Bandit” prospect off Louisiana could generate up to $460 million in coastal restoration funding over the next decade via federal royalties starting as early as 2027. The project uses subsea tie-back technology to accelerate production and boost state shares under the GOMESA program.
Source: waterpowermagazine. Original: https://www.waterpowermagazine.com/news/new-colgate-powerhouse-restoration-advances-as-penstock-failure-investigation-continues/
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