The sale, to be held in New Orleans, would be the first central gulf sale in the MMS 2007-12 Outer Continental Shelf oil and gas leasing program.
The sale would involve 5,000 blocks covering more than 28.5 million acres. The acreage is 3-210 miles offshore in 4-3,400 m of water.
MMS estimates that as much as 1.3 billion bbl of oil and 5.2 tcf of natural gas could be discovered and produced from the lease sale area.
PIN/OGJ.COM
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