As part of President Obama's all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, secretary of the interior, Ken Salazar, and Bureau of Ocean Energy Management’s (BOEM) director, Tommy P. Beaudreau, released the final details for an oil and gas lease sale that will offer more than 20 million acres offshore and will make available all unleased areas in the western Gulf of Mexico planning area.
Western Gulf of Mexico Lease Sale 229, which will be held on Nov. 28, 2012, in New Orleans, will build on two major Gulf of Mexico lease sales in the past year.
This will be the first offshore sale under the administration's new Outer Continental Shelf Oil and Gas Leasing program for 2012-17, which makes available for exploration and development all of the offshore areas with the highest conventional resource potential that together include more than 75% of the nation's undiscovered, technically recoverable offshore oil and gas resources.
BOEM also recently announced that the next Central Gulf of Mexico lease sale, proposed Lease Sale 227, will take place on March 20, 2013, making 38 million acres available.
Recommended Reading
TGS, SLB to Conduct Engagement Phase 5 in GoM
2024-02-05 - TGS and SLB’s seventh program within the joint venture involves the acquisition of 157 Outer Continental Shelf blocks.
2023-2025 Subsea Tieback Round-Up
2024-02-06 - Here's a look at subsea tieback projects across the globe. The first in a two-part series, this report highlights some of the subsea tiebacks scheduled to be online by 2025.
StimStixx, Hunting Titan Partner on Well Perforation, Acidizing
2024-02-07 - The strategic partnership between StimStixx Technologies and Hunting Titan will increase well treatments and reduce costs, the companies said.
Tech Trends: QYSEA’s Artificially Intelligent Underwater Additions
2024-02-13 - Using their AI underwater image filtering algorithm, the QYSEA AI Diver Tracking allows the FIFISH ROV to identify a diver's movements and conducts real-time automatic analysis.
Subsea Tieback Round-Up, 2026 and Beyond
2024-02-13 - The second in a two-part series, this report on subsea tiebacks looks at some of the projects around the world scheduled to come online in 2026 or later.