Outer Continental Shelf (OCS) Western Planning Area (WPA) Gulf of Mexico (GOM) Oil and Gas Lease Sale 218

摘要

On Wednesday, December 14, 2011, BOEM will open and publicly announce bids received for the blocks offered in WPA Oil and Gas Lease Sale 218, in accordance with provisions of the OCS Lands Act (OSCLA) (43 U.S.C. 1331-1356, as amended) and the regulations issued thereunder (30 CFR Part 556). The Final NOS 218 Package (Package) contains information essential to potential bidders, and bidders are charged with the knowledge of the documents contained in the Package. Sale 218 includes five changes from WPA Sale 210 in August 2009: (1) BOEM revised the initial period of the lease term for blocks in water depths of 400 meters to less than 1,600 meters, (2) the minimum bonus bid has increased for blocks in water depths of 400 meters or deeper, (3) no deepwater royalty suspension provisions will be offered for leases issued from this sale, (4) bids submitted for blocks within the U.S.-Mexico "Boundary Area" will be held unopened until on or before 30 days following a Transboundary Agreement is executed or June 14, 2012, as explained below, and (5) the lease form has been revised.