U.S. to offer 48 Million Acres in its Last Central Gulf of Mexico Oil & Gas Lease Sale

Baku, December 26, AZERTAC

Final Notice of Sale announces lease terms for available acreage offshore Louisiana, Mississippi and Alabama – Lease Sale Number 247 is Mar. 22, 2017, according to Oil&Gas 360.

Two days after President Obama used his pen to indefinitely ban most of the Arctic and some of the Atlantic to oil and gas drilling, the Bureau of Ocean Energy Management (BOEM) announced its Notice of Final Sale in the Gulf of Mexico for the last installment of the current five year lease plan which ends in 2017.

The GOM sale will include all available unleased areas in the Central Planning Area (CPA) managed by the BOEM, amounting to more than 48 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development, the agency said.

The previous 11 sales in the current five year plan brought in $3 billion to the U.S. Treasury from oil and gas companies.

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

© Content from this site must be hyperlinked when used.
Report a mistake by marking it and pressing ctrl + enter


Fields with * are required.

Please enter the letters as they are shown in the image above.
Letters are not case-sensitive.