MEXICO CITY: The Bureau of Ocean Energy Management (BOEM) will offer 40 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in sales that will include all available unleased areas in the Central and Eastern Gulf of Mexico Planning Areas.
The Gulf of Mexico Central Planning Area Lease Sale 241 and Eastern Planning Area Lease Sale 226, will take place in New Orleans, La., in March 2016. These sales will be the ninth and tenth offshore sales under the Administration’s Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017. The first eight sales offered more than 60 million acres.
Proposed CPA Sale 241 covers 42.1 million acres, located from three to 230 nautical miles offshore, in water depths ranging from nine to more than 11,000 feet. BOEM estimated the proposed lease sale could result in the production of 460 to 894 million barrels of oil and 1.9 to 3.9 trillion cubic feet of natural gas.
Proposed EPA Sale 226 covers 595,475 acres. The blocks are located at least 125 statute miles offshore in water depths ranging from 2,657 feet to 10,213 feet. BOEM estimated the proposed lease sale could result in the production of 71 million barrels of oil and 162 billion cubic feet of natural gas.
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