The U.S. Department of the Interior will offer 41.2 million acres for oil and gas exploration and development in the Gulf of Mexico in a March lease sale, according to a news release from the department’s Bureau of Ocean Energy Management (BOEM).
Lease Sale 235 in the Central Planning Area will be held in New Orleans on March 18, 2015.
The sale encompasses 7,788 unleased blocks, located from three to 230 nautical miles offshore Louisiana, Mississippi, and Alabama, in water depths ranging from 3 m (9 ft) to more than 3,400 m (11,115 ft). BOEM estimates the proposed sale could result in the production of about 1 Bbbl of oil and 113 Bcm (4 Tcf) of natural gas, the release said.
Terms and conditions for the sale can be viewed in the Federal Register and on the BOEM website at http://www.boem.gov/Sale-235/. The sale package as well as printed copies of the maps can be requested from the Gulf of Mexico Region’s Public Information Office at 1201 Elmwood Park Blvd, New Orleans, LA 70123, or at (800) 200-4853.
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