BSEE extends most gulf deepwater leases disrupted by moratorium

The US Bureau of Safety and Environmental Enforcement (BSEE) completed its review of 1,413 deepwater oil and gas lease extension requests in the Gulf of Mexico and extended 1,381, or 97.7%, of them for 1 year. Leases had to be in water deeper than 500 ft, with no production as of May 15 and expiration scheduled on or before Dec. 31, 2015.

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