MMS issues final notices of Central and Eastern Gulf lease sales

The MMS has issued final notices for two Federal oil and gas lease sales in the Gulf of Mexico.

Offshore Staff

NEW ORLEANS -- The MMS has issued final notices for two Federal oil and gas lease sales in the Gulf of Mexico. The Central Gulf of Mexico (CGOM) lease sale 206 and the Eastern Gulf of Mexico (EGOM) lease sale 224 will be held consecutively on March 19, 2008.

Lease sale 206 encompasses approximately 5,000 unleased blocks in the CGOM planning area offshore Louisiana, Mississippi, and Alabama. The acreage is 3 to 230 mi (5 to 370 km) offshore in water depths of about 10 ft (3 m) to more than 11,200 ft (3,400 m).

Lease sale 224, mandated by the Gulf of Mexico Energy Security Act of 2006, encompasses 118 whole or partial unleased blocks covering approximately 547,000 acres in the EGOM planning area. The acreage is south of the Florida panhandle and west of the Military Mission Line in water depths ranging from 2,657 ft (810 m) to 10,213 ft (3,113 m).

The MMS estimates that sale 224 area contains from 100 to 140 MMbbl of oil and 0.16 to 0.34 tcf of natural gas. Sale 206 area contains approximately 0.877 to 1.457 Bbbl of oil and 3.653 to 5.892 tcf of natural gas.

02/13/2008

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