US to offer up new blocks in Central Gulf sale

Lease sale: US to auction off up to 38 million acres in Gulf of Mexico

BP

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Luke Johnson

 24 September 2012 17:49 GMT

US regulators have announced a new lease sale that will offer up 38 million acres in the Central Gulf of Mexico for oil and gas development.

Lease Sale 227 is scheduled to take place in New Orleans next year on 20 March. Companies can bid on some 7250 unleased blocks in the Central Gulf of Mexico Planning Area, offshore Louisiana, Mississippi, and Alabama, ranging from three miles offshore to about 230 miles offshore, in water depths ranging from nine to more than 11,115 feet.

It would be the second sale under President Barack Obama's Outer Continental Shelf oil and gas leasing programme for 2012-2017 and the first of five annual Central Gulf lease sales, the Bureau of Ocean…

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