"The region-wide lease sale, which is the largest in US history, is scheduled for March 21, 2018, and will include all available unleased areas in federal waters of the Gulf of Mexico," the release said.
In announcing the offering of 77.3 million acres, Deputy Secretary of the Interior David Bernhardt noted that the sale supports President Donald Trump’s "America-First Offshore Energy Strategy."
The lease sale terms include stipulations to protect biologically sensitive resources, mitigate potential adverse effects on protected species, and avoid potential conflicts associated with oil and gas development in the region, the release added.
The Trump administration has announced plans to open nearly all of American waters off the Atlantic, Pacific and Arctic coasts to energy exploration and drilling.