Central GoM Lease Sale 227 scheduled for March

The US Interior Department and the Bureau of Ocean Energy Management have announced that Central Gulf of Mexico Lease Sale 227 will offer 38.6 million acres offshore Louisiana, Mississippi, and Alabama.

Offshore staff

WASHINGTON, D.C. –The US Interior Department and the Bureau of Ocean Energy Management have announced that Central Gulf of Mexico Lease Sale 227 will offer 38.6 million acres offshore Louisiana, Mississippi, and Alabama.

Lease Sale 227 encompasses 7,299 blocks located from three to about 230 mi (370 km) offshore, in water depths ranging from nine to more than 11,115 ft (three to 3,400 m). BOEM estimates the sale could result in the production of 460 MMbbl to 890 MMbbl of oil, and 1.9 tcf to 3.9 tcf of natural gas.

The sale is scheduled for March 20, 2013, in New Orleans and includes all unleased areas in the Central Gulf of Mexico Planning Area. It will be thesecond such sale under the 2012-2017 OCS leasing program.

The terms of this sale include conditions the BOEM says will ensure both orderly resource development, and protection of the human, marine and coastal environments. These include stipulations to protect biologically sensitive resources, mitigate potential adverse effects on protected species, and avoid potential conflicts associated with oil and gas development in the region.

2/7/2013

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