In a press release posted on its web site this week, the U.S. Division of the Inside’s (DOI) Bureau of Ocean Power Administration (BOEM) introduced that it’s going to publish the Last Discover of Sale (FNOS) and File of Resolution (ROD) for Gulf of Mexico Oil and Gasoline Lease Sale 261 within the Federal Register on August 25, “as required by the Inflation Discount Act (IRA) of 2022”.
BOEM famous within the assertion that it plans to conduct the lease sale on September 27. Lease Sale 261 will supply roughly 12,395 blocks on roughly 67 million acres on the U.S. Outer Continental Shelf within the Western, Central, and Japanese Planning Areas within the Gulf of Mexico, in keeping with the assertion.
In a separate assertion posted on its website again in March, BOEM stated it will publish the Proposed Discover of Sale (PNOS) for an oil and gasoline lease sale within the Gulf of Mexico, “which is scheduled to be held in September 2023”.
“Gulf of Mexico Oil and Gasoline Lease Sale 261 would supply roughly 13,620 blocks on 73.4 million acres on the U.S. Outer Continental Shelf within the Western, Central, and Japanese Planning Areas,” BOEM famous in that assertion, including that the IRA mandated that BOEM maintain Lease Sale 261 no later than September 30, 2023.
In January, BOEM printed a remaining supplemental Environmental Impression Assertion for the lease sale “that analyzed potential impacts to essential environmental assets and recognized sturdy mitigation measures for consideration in leasing the realm”, BOEM highlighted in its newest assertion.
“The lease sale phrases embody stipulations to mitigate potential antagonistic results on protected species and to keep away from potential conflicts with different maritime makes use of,” the group stated within the assertion.
“BOEM’s proposed financial phrases are designed to encourage diligent growth whereas making certain honest market worth to taxpayers, whereas remaining in compliance with the IRA,” BOEM added.
In a press release posted on the American Petroleum Institute’s (API) web site in response to BOEM’s FNOS for Lease Sale 261, API Vice President of Upstream Coverage, Holly Hopkins, stated, “whereas the DOI introduced a a lot wanted offshore lease sale … the Biden administration continues to throw up roadblock after roadblock to American power manufacturing, prioritizing their marketing campaign promise to cease American oil and pure gasoline growth in federal waters over their responsibility to fulfill Individuals’ power wants”.
“With this announcement, the administration is eradicating roughly six million acres of the Gulf of Mexico and including new and unjustified restrictions on oil and gasoline vessels working on this space, amounting to a lease sale in identify solely,” Hopkins added.
“These restrictions aren’t supported by the report and goal the women and men of the oil and pure gasoline business working on this area, ignoring all different vessel visitors … [This] announcement leaves American power builders in a interval of prolonged uncertainty, with no future offshore lease gross sales scheduled,” Hopkins continued.
In a press release on the FNOS and ROD for Gulf of Mexico Lease Sale 261, which was despatched to Rigzone, Nationwide Ocean Industries Affiliation (NOIA) President Erik Milito stated, “the Gulf of Mexico is a long-standing and very important supply of dependable, reasonably priced, and environmentally accountable power that’s essential to the wellbeing of our nation”.
“We’re a basis of lots of of hundreds of jobs whereas being a supply of a few of the world’s least carbon-intensive barrels. We are able to present a lot for a nation, however the authorities must be a associate to make the most of this nationwide strategic profit,” Milito went on to state.
Rigzone has requested the DOI, BOEM, and the Division of Power (DOE) for touch upon the API and NOIA statements.
The DOI had no remark. On the time of writing, BOEM and the DOE haven’t but responded to Rigzone.
The final lease sale within the Gulf of Mexico – Gulf of Mexico Lease Sale 259 – was held on March 29, BOEM’s web site exhibits.
Thirty-two corporations participated within the sale, and a complete of $263.8 million in excessive bids have been provided on 313 tracts, in keeping with the positioning, which highlights that BOEM awarded a complete of 299 leases on tracts overlaying roughly 1,599,448 acres.
“The accepted excessive bids are valued at $250,556,978,” BOEM’s website notes.
“BOEM rejected 14 excessive bids totaling $13,244,805.00. The rejected tracts shall be obtainable in future gross sales. The very best bid accepted was $15,911,947 submitted by Chevron USA, Inc for Keathley Canyon 96,” it provides.
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