NEW ORLEANS – The next oil and gas lease sale in the US Gulf of Mexico is scheduled for Aug. 18, 2010. Western GoM Lease Sale 215 will offer 18.8 million acres for lease.
The available blocks are from 9 to about 250 mi offshore in water depths of 16 to more than 10,975 ft (5 to 3,346 m). MMS estimates the proposed lease sale could result in the production of 242 to 423 MMbbl of oil and 1.64 to 2.64 tcf of natural gas.
The GoM is estimated to hold 36-41.5 Bbbl of undiscovered, economically recoverable oil and 161-207 tcf of undiscovered, economically recoverable natural gas resources.