FEDERAL LEASE BUYOUT UPDATE: On March 23, 2026, leaseholder TotalEnergies signed an agreement with the Department of Interior to relinquish its previously held lease area, OCS-A 0545, in exchange for a payment of $133 million. As a result, TotalEnergies will no longer develop the TotalEnergies Carolina Long Bay project in this lease area. Scroll down to "Additional Project Information" to view the settlement agreement, lease cancellation letter, and more.