The U.S will look to offer approximately 45 million acres in the Gulf of Mexico for oil and gas development during two lease sales in March.
"As an important component of the US energy portfolio, the Gulf of Mexico holds vast energy resources that can continue to spur economic opportunities for Gulf producing states as well as further reduce the nation's dependence on foreign oil," said S Bureau of Ocean Energy Management Director, Abigail Hopper.
The area lease sales will take place next month in New Orleans, Louisiana. The two offshore sales scheduled for March fall under the Obama administration’s Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017.
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