Gulf of Mexico lease sale draws $487M
Exxon, Chevron, Statoil account for 70 percent of total winning bids, some 68% more than last year’s Western Gulf sale generated
By Ray Tyson
For Petroleum News
Western Gulf of Mexico Lease Sale 207 drew a healthy $487.3 million in apparent high bids, some 68 percent more than what last year’s Western Gulf sale generated, and bringing the total high bids of all federal offshore lease sales from the U.S. Gulf and Alaska this year to $9.5 billion. That perfo....
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Fifty-three companies bid
Other top bidders included Shell, Eni, Conoco
Ultra-deepwater Alaminos Canyon
Two shallow water blocks in top 10
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