Offshore staff
(US, GoM) - The MMS is proposing to hold the Western GoM Lease Sale 200 on August 16, 2006.
The proposed lease sale 200 encompasses about 3,787 unleased blocks covering approximately 20.4 million acres in the western GoM OCS planning area offshore Texas and in deepwater offshore Louisiana.
The blocks are located from nine to about 210 mi offshore in water depths of four to more than 3,425 m. The MMS estimates the proposed lease sale could result in the production of 136 to 262 MMbbl of oil and 0.81 to 1.44 tcf of natural gas.
Recently adopted provisions for this proposed lease sale include shallow water, deep gas royalty relief for leases in water depths of less than 400 m, incentives for ultra-deep wells, subject to rulemaking under the Energy Policy Act of 2005, and an earlier time deadline for Electronic Fund Transfer (EFT) of bonus and rental payments.
04/04/06
