local news

U.S. to Offer 48 Million Acres in Central Gulf of Mexico Lease Sale

By  | 

Linus Unah – Fourth Estate Contributor

Washington, DC, United States (4E) – The Bureau of Ocean Energy Management ( BOEM ) said Thursday that it. will offer more than 48 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration as well as development.

The lease sale will include all available unleased areas in the Central Gulf of Mexico, BOEM’s director Abigail Ross Hopper said in a statement.

“As one of the most productive basins in the world, the Gulf of Mexico remains an important component of our domestic energy strategy to create jobs, foster economic opportunities, and reduce America’s dependence on foreign oil,” Hopper said.

“The exploration and development of the Gulf of Mexico’s energy resources will continue to help power our nation and drive our economy.”

She noted that the lease was part of Obama administration’s commitment to support safe and responsible domestic energy production.

This is the 12th and final Gulf offshore sale under the administration’s Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017.

This sale builds on the eleven sales previously held in the current program, which netted more than $ 3 billion for American taxpayers.

BOEM will livestream Central Gulf of Mexico Lease Sale 247 on Mar. 22, 2017.

BOEM said livestreaming the sale would enable it to deliver relevant bid information immediately to a much broader national and international audience.

Sale 247 includes about 9,118 blocks, located from three to about 230 miles offshore, in water depths ranging from 9 to more than 11,115 feet (3 to 3,400 meters).

The decision to hold this lease sale follows extensive environmental analysis, public comment and consideration of the best scientific information available, the bureau said.

Article – All Rights Reserved.
Provided by FeedSyndicate

Comments

Show Buttons
Hide Buttons