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Interior to offer 38 million unleased acres in Central GoM lease sale

WASHINGTON – Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau have announced that Central Gulf of Mexico Lease Sale 227 will offer 38.6 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development. The lease sale could lead to the production of nearly 1 Bbbl of oil and almost 4 Tcf of natural gas.

The sale, which will be held at the Mercedes-Benz Superdome in New Orleans on March 20, 2013, includes all unleased areas in the Central Gulf of Mexico Planning Area. It will be the second sale under the Administration’s new Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017, and the first of five Central Gulf of Mexico lease sales that will be held under the program.

Announced in June 2012, the Five Year Program makes offshore areas that contain more than 75 percent of the technically recoverable offshore oil and gas resources available for exploration and development.

Lease Sale 227 encompasses 7,299 blocks located from three to about 230 miles offshore, in water depths ranging from nine to more than 11,115 ft. BOEM estimates the lease sale could result in the production of 0.46 to 0.89 Bbbl of oil, and 1.9 to 3.9 Tcf of natural gas.

This sale will build on a number of recent offshore lease sales – including two in 2012. Western Gulf Lease Sale 229, held in November 2012, made 20 million acres available and received high bids on tracts covering about 650,000 acres, garnering nearly $134 million in high bids. Central Gulf Lease Sale 216/222, held in June 2012, covered nearly 39 million acres, and attracted more than $1.7 billion in high bids for more than 2.4 million acres.

Terms and conditions for the sale are available at: http://www.boem.gov/sale-227. The Notice of Availability of the Final Notice of Sale can be viewed today in the Federal Register at: https://www.federalregister.gov/public-inspection. Copies can also be requested from the Gulf of Mexico Region’s Public Information Office at 1201 Elmwood Park Boulevard, New Orleans, LA 70123, or at 800-200-GULF (4853).

02/07/2013

 

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