Gulf of Mexico Oil and Gas Lease Sale Critical for U.S. National Security and Energy Affordability  

For Immediate Release: Friday, February 24, 2023
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Gulf of Mexico Oil and Gas Lease Sale Critical for U.S. National Security and Energy Affordability  
Washington, D.C. – National Ocean Industries Association President Erik Milito released the following statement after the Bureau of Ocean Energy Management issued the Final Sale Notice for Offshore Oil and Gas Lease Sale 259 in the Gulf of Mexico:

"The announcement by the Bureau of Ocean Energy Management (BOEM) of the Final Sale Notice for the first Gulf of Mexico offshore oil and gas lease sale since November of 2021 is vital to our national security interests and will contribute important energy supplies amid tight global demand. Importantly, offshore oil and gas Lease Sale 259 was mandated by the Inflation Reduction Act, which was signed into law by President Biden in August. Our national energy needs clearly support a commitment to continued U.S. offshore energy development. U.S. Gulf of Mexico offshore energy production is a key component of a national energy strategy that will ensure Americans can continue to have access to fundamental domestic energy that is produced safely, sustainably, and responsibly.

“Operations in the U.S. Gulf of Mexico adhere to the highest safety and environmental standards. The multitude of companies involved in offshore energy development are working collaboratively to shrink an already small carbon footprint. From electrifying operations to deploying innovative solutions that reduce the size, weight, and part count of offshore infrastructure – thus increasing safety and decreasing emissions – the U.S. Gulf of Mexico hosts a high-tech revolution.

“Oil produced from the U.S. Gulf of Mexico has a carbon intensity one-half that of other producing regions. The technologies used in deepwater production – which represents 92 percent of the oil produced in the U.S. Gulf of Mexico – place this region among the lowest carbon intensity oil-producing regions in the world . Policies that restrict domestic offshore development require imports to make up the shortfall, and that supplemental production comes from higher-emitting operations in other countries.”

About NOIA 
The National Ocean Industries Association (NOIA) represents and advances a dynamic and growing offshore energy industry, providing solutions that support communities and protect our workers, the public and our environment.
National Ocean Industries Association
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