Insight
Unpacking the proposed US offshore 2023-2028 leasing program
Report summary
The uncertainty around future leasing is starting to fade (but not disappear) as the proposed 2023-2028 leasing program has been released. The new plan is not an especially radical departure from previous plans. But uncertainty will persist among the industry, given how often the plan document mentions that each individual lease sale in the plan will be held- or not held- at the discretion of the DOI secretary. We unpack other key details in the newly released plan and discuss potential impacts on the region.
Table of contents
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Executive summary
- Background
- The plan proposes a maximum of ten lease sales
- Targeted leasing approach
- Emissions consideration could help avoid a "no sale" option
- Discretion on holding each lease sale is mentioned frequently
- Fiscal terms
- Conclusion: leasing uncertainty reduces but persists
Tables and charts
This report includes 3 images and tables including:
- Leasing program summary
- Exploration wells drilled by leasing program
- US GoM emissions intensity compared to other North America plays
What's included
This report contains:
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