IADC, Regulation, and LegislationNewsThe Offshore Frontier

BOEM publishes final notice for Gulf of Mexico Lease Sale

The US Bureau of Ocean Energy Management (BOEM) will publish the Final Notice of Sale (FNOS) and Record of Decision (ROD) for Gulf of Mexico Oil and Gas Lease Sale 261 in the Federal Register on 25 August. BOEM plans to conduct the lease sale on 27 September.

Lease Sale 261 will offer approximately 12,395 blocks on approximately 67 million acres on the US Outer Continental Shelf in the Western, Central and Eastern Planning Areas in the Gulf of Mexico.

In January, BOEM published the Final Supplemental Environmental Impact Statement for the lease sale that analyzed potential impacts to important environmental resources and identified robust mitigation measures for consideration in leasing the area. The lease sale terms include stipulations to mitigate potential adverse effects on protected species and to avoid potential conflicts with other maritime uses.

BOEM’s proposed economic terms are designed to encourage diligent development and ensure fair market value to taxpayers. A full list of terms and conditions are in the FNOS.

Click here to see the FNOS, ROD and a map of the proposed lease sale area.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button