Lease Sale 198

Paganie, David
January 2006
Offshore;Jan2006, Vol. 66 Issue 1, p14
Trade Publication
The article reports on the announcement by the U.S. Minerals Management Service (MMS) of the proposed Central Gulf Lease Sale on March 15, 2006. The planned sale comprises of around 4,000 blocks covering an approximate 21 million acres in the Gulf of Mexico's central planning area. The agency emphasized that the lease sale could result into a substantial production of oil and natural gas. The salient revised provisions in the lease sale are described. Bids should be submitted to the MMS not later than 10 a.m. of March 14, 2006.


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