There is a growing risk of a delay in the approval of the next five-year Outer Continental Shelf oil and gas leasing program, according to Fitch Solutions. There is a growing risk of a delay in the approval of the next five-year Outer Continental Shelf oil and gas leasing program, which in turn raises uncertainty of timeline and regulatory framework for future lease sales in the Gulf of Mexico. That’s Fitch Solutions’ view, according to Dominika Rzechorzek, an oil and gas analyst at the company, who sent a statement to Rigzone late last week. “The next five-year Outer Continental Shelf O&G Leasing Program is due by July 1, 2022. Following the example of the 2017-2022 program, the development of such a document is a months-long process with several key steps, including a Request for Information, Draft Proposed Program and a second proposal, all requiring certain comment periods,” Rzechorzek said […]