5 May 2024
US primes Gulf of Mexico drilling bonanza
Publication date: 07 March 2017
Gas Strategies Group
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The US is offering up huge swathes of the Gulf of Mexico to oil and gas drilling as part of a highly ambitious region-wide lease sale slated for August.
The tender will include all available unleased areas in federal waters in the gulf, totalling some 73 million acres estimated to hold 0.5-4.4 Tcf of gas resource potential and 0.2-1.1 billion barrels of oil.