Gulf of Mexico Lease Sale 261
BOEM has announced the Final Notice of Sale for the Gulf of Mexico Lease Sale 261. We hold the most comprehensive collection of subsurface data covering acreage being offered.
Lease Sale 261 Announcement
The Bureau of Ocean Energy Management is mandated to conduct Lease Sale 261 within the next 37 days, as directed by a recent ruling from the 5th US Circuit Court of Appeals issued on Tuesday, November 15, 2023. Consequently, the lease sale, initially scheduled for September and subject to multiple postponements due to legal disputes, is now rescheduled for December. The sale must encompass the originally proposed 73 million acres (30 million hectares), adhering to the administration's initial plan announced in the spring.
TGS Data Coverage
TGS offers a wide variety of industry-leading subsurface Gulf of Mexico data covering all the key blocks on offer in Lease Sale 261. This data spans the entire Gulf of Mexico and includes modern 3D surveys in key areas in addition to 2D regional surveys. TGS also offers an extensive library of over 23,000 well logs, production and forecasting datasets, Multibeam Bathymetry, Geochemical Core Analysis, Post Well Analysis interpretation and CCS Saline Aquifer Data.
TGS continues to uplift subsurface imaging of the GoM through modern acquisition and reprocessing initiatives. Advanced imaging techniques are being developed and utilized to further illuminate key subsurface structures and reservoirs providing insight into new exploration prospects. Seismic projects such as Amendment Phase 1 and 2 and Sophies Refocus, will highlight a new era of exploration and development success. TGS data continues to assist E&P companies to gain a better understanding of both regional and reservoir scale geology, allowing the most effective evaluation of the license areas ahead of bid submissions.
Saline Aquifers in the GoM
CCS stakeholders can assess the carbon storage potential of saline aquifers along the US Gulf Coast. These models can be visualized and evaluated via Carbon AXIOM, our simple, interactive, web-based platform. Our available attributes for each aquifer zone include:
- Net reservoir thickness
- Non-reservoir interval thickness
- Pore Pressure
- Storage potential
Terms & Conditions for the Proposed Notice of Sale for Gulf of Mexico OCS Oil and Gas Lease Sale
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