Virginia OCS lease sale comment period extended

The US Minerals Management Service has extended to Jan. 13, 2009, its public comment period for a proposed Outer Continental Shelf (OCS) lease sale off the coast of the state of Virginia.

Offshore staff

HOUSTON -- The US Minerals Management Service has extended to Jan. 13, 2009, its public comment period for a proposed Outer Continental Shelf (OCS) lease sale off the coast of the state of Virginia.

If it goes forward, the sale could produce the first new exploration and production leases off the East Coast of the US in three decades. Legislative and executive moratoria on drilling in the OCS ended in 2008.

The proposed Virginia lease includes 2.9 million acres (11,736 sq km) beginning about 50 mi (80 km) offshore.

The area could contain 130 MMbbl of oil and 1.14 tcf of natural gas, according to MMS officials.

12/22/2008

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