The US Bureau of Ocean Energy Management (BOEM) is set to offer 78 million acres for a regionwide lease sale that would include all unleased areas available in federal waters of the Gulf of Mexico.
Scheduled for March, the latest gas Lease Sale 252 comes in support of President Donald Trump’s America-First Offshore Energy Strategy and will include 14,696 unleased blocks.
Located from three to 231 miles offshore in the Gulf’s Western, Central and Eastern planning areas, the blocks lie in water depths ranging from nine to more than 11,115ft.
The Lease Sale 252 will be the fourth offshore sale under the 2017-2022 National Outer Continental Shelf Oil and Gas Leasing Program.
As part of this programme, ten regionwide lease sales are scheduled for the Gulf which has established oil and gas infrastructure.
Every year, two Gulf lease sales will be held and include all available blocks in the Gulf of Mexico Planning Areas.
US Department of the Interior Land and Minerals Management assistant secretary Joe Balash said: “The development of our abundant offshore resources is a major pillar of this Administration’s energy strategy.
“America benefits from domestic energy production, which provides money for our Treasury, thousands of well-paying jobs, affordable and reliable energy to heat our homes, fuel our cars, and power our economy.”
Blocks subject to the congressional moratorium established by the Gulf of Mexico Energy Security Act of 2006 will be excluded from the lease sale.
Other areas to be excluded are blocks adjacent to or beyond the US Exclusive Economic Zone and whole blocks and partial blocks within the current boundaries of the Flower Garden Banks National Marine Sanctuary.
Covering 160 million acres, the Gulf of Mexico OCS is estimated to contain 48 billion barrels of undiscovered technically recoverable oil.
It also covers 141 trillion cubic feet of undiscovered technically recoverable gas.