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Western Gulf of Mexico Lease Sale 210

The Minerals Management Service (MMS) (www.gomr.mms.gov) has scheduled the Western Gulf of Mexico Lease Sale 210 to be held in New Orleans on 19 August 2009.

The proposed lease sale encompasses approximately 3,400 unleased blocks covering 18 million acres in the Western Gulf of Mexico Planning Area (WPA).  The blocks are located from 9 to approximately 250 miles offshore in water depths of 16 to, more than, 10,975 feet (5 to 3,346 metres).

Map:  210 Western Planning Area (pink shading) and currently leased acreage (yellow shading).   Source:  PetroView®

The following leases are exceptions to the sale and will not be included in the sale offering.

Whole blocks and portions of blocks which lie within the boundaries of the Flower Garden Banks National Marine Sanctuary at the East and West Flower Garden Banks and Stetson Bank (the following list includes all blocks affected by the Sanctuary boundaries):

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Whole blocks and portions which lie within the former Western Gap portion of the 1.4 nautical mile buffer zone north of the continental shelf boundary between the United States and Mexico:

The MMS estimates the proposed lease sale could result in the production of 242 to 423 million barrels of oil and 1.64 to 2.64 trillion cubic feet of natural gas.

The proposed NOS 210 package (www.gomr.mms.gov/homepg/lsesale/210/210noticep.html) contains information essential to potential bidders including proposed initial periods, extensions of initial periods, minimum bonus bid amounts, rental rates, escalating rental rates for leases with an approved extension of the initial five-year period, royalty rate, minimum royalty, and royalty suspension provisions, if any, applicable to this sale.  Interested parties can obtain a package from the MMS (www.gomr.mms.gov).

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