MMS issues final notice for central gulf lease sale

The US MMS issued a final notice for central Gulf of Mexico OCS Lease Sale 205, which covers 28.5 million acres of submerged land in federal waters off Louisiana, Mississippi, and Alabama.

Sept. 4, 2007

By OGJ editors
HOUSTON, Sept. 4 -- The US Minerals Management Service issued a final notice for central Gulf of Mexico Outer Continental Shelf Lease Sale 205, which covers 28.5 million acres of submerged land in federal waters off Louisiana, Mississippi, and Alabama. The sale will be held Oct. 3 in New Orleans.

Sale 205 offers about 5,000 blocks 3-224 miles offshore in 12-11,200 ft of water in what is the newly configured Central Gulf of Mexico OCS Planning Area.

Sale 205 is the first central gulf lease sale in the agency's 2007-12 OCS leasing program.

MMS estimates the sale could result in the production of 0.776-1.292 billion bbl of oil and 3.236-5.229 tcf of natural gas.