In an announcement posted on its web site, the Bureau of Ocean Vitality Administration (BOEM) introduced “one other main step towards increasing offshore vitality improvement pursuant to the One Huge Stunning Invoice Act”.
BOEM famous within the assertion that it has launched the Last Discover of Sale for Lease Sale Huge Stunning Gulf 2 (BBG2), which it stated is the second of 30 Gulf of America lease gross sales required by the One Huge Stunning Invoice Act.
The ultimate discover of sale shall be printed within the Federal Register on February 5, BOEM revealed within the assertion, outlining that this satisfies the requirement for the discover to publish not less than 30 days previous to the scheduled lease sale date on March 11.
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Lease Sale BBG2 proposes to supply roughly 15,066 unleased blocks protecting about 80.4 million acres on the U.S. Outer Continental Shelf within the Gulf of America, BOEM highlighted within the assertion, including that the blocks are positioned three to 231 miles offshore and span water depths from 9 ft to greater than 11,100 ft.
BOEM famous within the assertion that sure areas shall be excluded from the sale, “together with blocks topic to the Sept. 8, 2020, presidential withdrawal; blocks adjoining to or past the U.S. Unique Financial Zone within the Jap Hole; blocks inside the boundaries of the Flower Backyard Banks Nationwide Marine Sanctuary; [and] any block which obtained a bid in Lease Sale BBG1”.
Within the assertion, BOEM Performing Director Matt Giacona stated, “lease Sale BBG2 is a key step in advancing BOEM’s offshore oil and gasoline program within the Gulf of America”.
“Following the sturdy trade response to Lease Sale BBG1, this proposed sale goals to make sure continued funding within the U.S. Outer Continental Shelf and assist American vitality independence,” he added.
BOEM famous in its assertion that the Gulf of America Outer Continental Shelf spans roughly 160 million acres and is estimated to comprise 29.59 billion barrels of undiscovered, technically recoverable oil and 54.84 trillion cubic ft of pure gasoline.
“Offshore oil and gasoline leasing on the Outer Continental Shelf generates billions in income via lease gross sales, rental charges, and royalties,” BOEM stated within the assertion.
“These funds are distributed to the U.S. Treasury and to states by way of revenue-sharing packages that assist coastal restoration, hurricane safety, and different public providers and conservation efforts,” it added.
“The Normal Fund of the U.S. Treasury receives the most important portion of offshore revenues, serving to to finance the day by day operations of the federal authorities. As well as, these key revenues generated by OCS improvement create high-quality jobs, funds infrastructure and schooling, and contributes to native economies,” it continued.
In an announcement posted on its website on November 19, BOEM introduced a proposed discover of sale for the second offshore oil and gasoline lease sale beneath the One Huge Stunning Invoice Act. BOEM famous in that assertion that the proposed lease sale was scheduled to happen on March 11.
“Lease Sale BBG2 marks one other main milestone in advancing a sturdy and forward-looking offshore oil and gasoline program within the Gulf of America,” Giacona stated in that assertion.
“Constructing on the momentum of BBG1, this proposed sale reinforces BOEM’s dedication to restoring certainty and long-term funding within the U.S. Outer Continental Shelf,” he added.
In an announcement posted on its website on December 10, BOEM introduced that it had efficiently performed Lease Sale Huge Stunning Gulf 1.
“The sale generated $300,425,222 in excessive bids for 181 blocks throughout 80 million acres in federal waters of the Gulf of America,” BOEM revealed in that assertion.
“Thirty corporations submitted 219 bids totaling $371,881,093,” it added.
To contact the creator, e-mail andreas.exarheas@rigzone.com
