The US Department of the Interior (DOI) on Tuesday announced plans for its biggest ever lease sale of oil and gas rights, covering a huge area of the US Gulf of Mexico.
Secretary of the Interior Ryan Zinke said the areas offered would be almost 77 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida – all the US states with Gulf shorelines.
Essentially Proposed Lease Sale 250, scheduled for March 2018, covers all unleased areas of federal waters on the Outer Continental Shelf (OCS). It comprises 14,375 blocks in water depths ranging from 3 metres to 3,400 metres.
The announcement is in line with President Donald Trump’s campaign promises to unleash as much of America’s energy potential as possible.