NOIA President Expects Interesting and Healthy Western Gulf Lease Sale

For Immediate Release:   Tuesday, November 27, 2012

Contact:  Nicolette Nye, (202) 347-6900, nicolette@nullnoia.org

 

NOIA President Expects Interesting and Healthy Western Gulf Lease Sale

 

Washington, D.C.National Ocean Industries Association President Randall Luthi today issued the following statement on Western Gulf of Mexico Lease Sale 229, which will be held tomorrow in New Orleans, LA:

 

“This will be an interesting sale to watch.  It is the first sale under the Obama administration’s new five year offshore leasing plan, so the level of activity in this sale will be a good indicator of industry’s confidence not only in the remaining resources of the Western Gulf of Mexico, but also in the Administration’s willingness to allow those resources to be developed in a timely fashion.  No one expects this sale to match the level of the 2011 Western Gulf sale, which was much bigger than usual due to the cancellation of the 2010 Western Gulf sale. But, we could see some surprises if residual pent-up interest has carried over from 2011.  All in all, I am hoping for a healthy sale.”

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ABOUT NOIA
NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of both traditional and renewable energy resources on the nation’s outer continental shelf.  NOIA’s mission is to secure reliable access and a fair regulatory and economic environment for the companies that develop the nation’s valuable offshore energy resources in an environmentally responsible manner. The NOIA membership comprises more than 275 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance, and renewable energy.