The UNITED STATE Bureau of Ocean Energy Management (BOEM) claimed Friday that it would certainly hold an oil and also gas lease sale in the Gulf of Mexico in March 2023.
The Gulf of Mexico Oil and also Gas Lease Sale 259 will certainly supply about 13,600 blocks on 73.3 million acres in the Western, Central, and also Eastern Planning Areas on the UNITED STATEOuter Continental Shelf
Lease Sale 259 was among 3 overseas lease salesinitially cancelled by the Biden Administration in May 2022 The succeeding Inflation Reduction Act of 2022 (INDIVIDUAL RETIREMENT ACCOUNT) mandated that BOEM hold Lease Sale 259 no behind March 31, 2023, and also Lease Sale 261 by September 30, 2023.
The opening and also analysis of the quotes will certainly start at 9 a.m. Central Daylight Time on March 29, 2023.
NOIA: Lease Sales Vital to National Security Interests
Commenting on BOEM’s statement, UNITED STATE National Ocean Industries Association President Erik Milito claimed: “The [BOEM] announcement […] is vital to our national security interests and will contribute important energy supplies amid tight global demand.
“Our nationwide power requires plainly sustain a dedication to proceeded united state overseas power growth. UNITED STATE Gulf of Mexico offshore power manufacturing is an essential element of a nationwide power method that will certainly make certain Americans can remain to have accessibility to essential residential power that is created securely, sustainably, and also properly.”
“Operations in the U.S. Gulf of Mexico adhere to the highest safety and environmental standards. The multitude of companies involved in offshore energy development are working collaboratively to shrink an already small carbon footprint. From electrifying operations to deploying innovative solutions that reduce the size, weight, and part count of offshore infrastructure – thus increasing safety and decreasing emissions – the U.S. Gulf of Mexico hosts a high-tech revolution.
“Oil produced from the U.S. Gulf of Mexico has a carbon intensity one-half that of other producing regions. The technologies used in deepwater production – which represents 92 percent of the oil produced in the U.S. Gulf of Mexico – place this region among the lowest carbon intensity oil-producing regions in the world . Policies that restrict domestic offshore development require imports to make up the shortfall, and that supplemental production comes from higher-emitting operations in other countries.”
Offshore wind in GoM
It is worth noting, earlier this week, the united state management suggested the first-ever overseas wind lease sale in the Gulf of Mexico, as component of the federal government’s strategy to stimulate overseas wind release past the East Coast.
The suggested sale belongs to the leasing course revealed by Secretary Haaland in 2021 to satisfy the Biden-Harris management’s objective to release 30 gigawatts (GW) of overseas wind power ability by 2030 and also complies with the Department’s authorization of the country’s initial 2 commercial-scale overseas wind jobs.
The Proposed Sale Notice (PSN) revealed Wednesday consists of a 102,480-acre location offshore Lake Charles, Louisiana, and also 2 locations offshore Galveston, Texas, one making up 102,480 acres and also the various other making up 96,786 acres.
