WASHINGTON, D.C. – The Bureau of Ocean Energy Management (BOEM) plans to offer about 45 million acres for oil and gas exploration and development in the Gulf of Mexico in two lease sales on March 23, 2016.
Central Planning Area Lease Sale 241 and Eastern Planning Area Lease Sale 226 will be held consecutively in New Orleans. The sales will be the ninth and tenth offshore auctions under the Administration’s Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five Year Program).
Sale 241 encompasses about 8,349 unleased blocks, covering 44.3 million acres, located from 3 to 230 nautical miles offshore Louisiana, Mississippi and Alabama, in water depths ranging from 9 to more than 11,115 ft (3 to 3,400 m).
Sale 226 encompasses 162 whole or partial unleased blocks covering about 595,475 acres. The blocks are located at least 125 statute miles offshore in water depths ranging from 2,657 to 10,213 ft (810 to 3,113 m). The area is south of eastern Alabama and western Florida; the nearest point of land is 125 mi northwest in Louisiana.
This is the second of two lease sales proposed for the Eastern Planning Area under the current Five Year Program. According to the bureau, most of the Eastern Gulf of Mexico Planning Area cannot be offered for lease until 2022 as part of the Gulf of Mexico Energy Security Act of 2006.
The terms and conditions for Sale 241 are explained in the Final Notice of Sale information package, which is available at: http://www.boem.gov/Sale-241/. The Final Notice of Sale information package for Sale 226 is available at: http://www.boem.gov/Sale-226/.