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Vol. 13, No. 34 Week of August 24, 2008
Providing coverage of Alaska and northern Canada's oil and gas industry


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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