Offshore staff
WASHINGTON, D.C. – The Bureau of Ocean Energy Management (BOEM) plans to offer about 78 million acres in a region-wide Gulf of Mexico lease sale scheduled for March 2020.
Lease Sale 254 will include about 14,585 unleased blocks, located from 3 to 231 mi (5 to 372 km) offshore, in the Gulf’s Western, Central and Eastern planning areas in water depths ranging from 9 to more than 11,115 ft (3 to 3,400 m).
Lease Sale 254, scheduled to be livestreamed from New Orleans, will be the sixth offshore sale under the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.
Fiscal terms proposed for this sale include a 12.5% royalty rate for leases in less than 656 ft (200 m) of water depth, and a royalty rate of 18.75% for all other leases issued pursuant to the sale.
10/07/2019
