Major Offshore Lease Plan Seccretary of the Interior Dirk Kempthorne announced a major initiative to boost oil and natural gas production on the U.S. Outer Continental Shelf in the Gulf of Mexico and off Alaska. The program could produce 10 billion barrels of oil and 45 trillion cu. ft. of natural gas over 40 years, generating almost $170 billion. The Minerals Management Service developed the initiative, known as the Five Year Outer Continental Shelf Oil and Gas Leasing Program, to guide domestic energy leasing on the OCS from 2007 to 2012. The program proposes 21 lease sales in eight planning areas. Twelve sales are slated for the Gulf of Mexico, 8 off of Alaska and, at the request of the Commonwealth of Virginia, one in the Mid-Atlantic Planning Area, about 50 miles off the coast of southern Virginia. Proposed Final Program for 20072012- Lease Sale Schedule SaleNo. 204 205 193 206 224 207 208 209 210 211 212 213 215 216 217 214 218 219 220 221 222 Area Western Gulf of Mexico Central Gulf of Mexico Chukchi Sea Central Gulf of Mexico Eastern Gulf of Mexico* Western Gulf of Mexico Central Gulf of Mexico Beaufort Sea Western Gulf of Mexico Cook Inlet Chukchi Sea Central Gulf of Mexico Western Gulf of Mexico Central Gulf of Mexico Beaufort Sea North Aleutian Basin Western Gulf of Mexico Cook Inlet Mid-Atlantic** Chukchi Sea Central Gulf of Mexico Year 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010 2011 2011 2011 2011 2011 2011 2012 2012 news *Sale 224 is mandated by the Gulf of Mexico Energy Security Act of 2006. **Lease sale would only be held if the President chooses to modify the withdrawal and Congress discontinues the annual appropriations moratorium in the Mid-Atlantic. www.seadiscovery.com Marine Technology Reporter 9
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