The US Bureau of Ocean Energy Management (BOEM) announced on Friday it will be offering 40 million acres of oil and gas potential development sites in the US Gulf of Mexico.
Offered in two lease sales, to be held in New Orleans, these areas will include blocks in waters offshore Louisiana, Mississippi and Alabama.
It is all part of an ongoing five-year programme under the Obama administration, a programme that has seen eight previous sales which raised $3 billion for public coffers.
BOEM is an independent agency created by the US Department of the Interior. Its purpose is to manage the development of the country’s offshore resources in an environmentally and economically responsible way.
