Gulf of Mexico
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USA - Feds Propose 2021 Offshore Lease Sale

The U.S. Bureau of Ocean Energy Management (BOEM) on Tuesday proposed offering approximately 78.2 million acres for a region-wide Gulf of Mexico (GOM) lease sale scheduled for March 2021.

The proposed Lease Sale 257, which would be livestreamed from New Orleans, will be the eighth offshore sale under the 2017-2022 Outer Continental Shelf (OCS) Leasing Program, BOEM noted in a written statement emailed to Rigzone. The bureau added the sale will include all available unleased areas in federal GOM waters – approximately 14,594 blocks.

BOEM also stated that it is holding Lease Sale 256 today. The sale had been delayed from its planned August 2020 date to allow time for more oil and gas market analysis given COViD-19, BOEM explained. Lease Sale 256 is viewable on BOEM’s website.

“Despite circumstances imposed by the coronavirus, we are confident that industry remains interested in acquiring new leases to support their portfolios,” remarked BOEM GOM Region Director Mike Celata. “The Gulf of Mexico is a world-class resource area that serves a key role in our nation’s energy security.”

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