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 volume 13, issue #15 - Friday, August 22, 2008

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US government plans to sell oil leases in Alaska this autumn

17-07-08 The federal government intends to hold a major oil and gas lease sale this autumn in portions of the National Petroleum Reserve-Alaska, officials in Washington, DC, announced.
The Bureau of Land Management (BLM), which acts as landlord for the Indiana-sized reserve on Alaska's North Slope, issued a "record of decision" spelling out land to be leased.

Much of the NPR-A has been the subject of environmental challenges in court.
"The rapid increase in energy costs facing our nation is driven by a worldwide imbalance in energy supply and demand," interior secretary Dirk Kempthorne said. "Developing the NPR-A in an environmentally sound manner will contribute to our domestic oil and natural gas supplies. Together with new production from other offshore and onshore areas, these increased supplies will help stabilise energy costs."

The lease sale in the reserve's northeast and northwest sections could result in development of 8.4 bn barrels of oil as well as trillions of cf of natural gas, the BLM said. Under the record of decision, the BLM defers leasing for 10 years on land currently unavailable for leasing north and east of Teshekpuk Lake. The plan includes protections for the polar bear, including requirements to consider impacts on areas used by polar bears for denning.
"This decision provides for the protection of high-value wildlife, including waterfowl and caribou, and meets the subsistence needs of North Slope residents while making lands with oil and gas potential available for leasing," said Tom Lonnie, the agency's Alaska director.

Source: www.guardian.co.uk / McClatchy newspapers



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