On Nov. 28, the Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale that will make available more than 20 million offshore acres.
Offshore staff
WASHINGTON – On Nov. 28, the Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale that will make available more than 20 million offshore acres.
The sale will include all available unleased areas in the Western Gulf of Mexico Planning Area that encompasses 3,873 blocks located nine to 250 mi (14 to 402 km) offshore in water depths from 16 to more than 10,975 ft (five to 3,346 m).
BOEM estimates the proposed lease sale could result in the production of 116 to 200 MMbbl of oil and 538 to 938 bcf of natural gas.
BOEM also recently announced that the next Central Gulf of Mexico lease sale, proposed Lease Sale 227, will take place on March 20, 2013, making 38 million acres available.
