Stay Connected

GoM Lease Sale 227 draws $1.2 billion in high bids

Offshore staff

NEW ORLEANS – At today’s Central Gulf of Mexico lease sale, 52 companies submitted 407 bids on 320 tracts with $1,214,675,536 in high bids.

Lease Sale 227, conducted by Interior’s Bureau of Ocean Energy Management (BOEM), included 7,299 blocks, covering about 38.6 million acres, located from three to about 230 nautical miles offshore, in water depths ranging from nine to more than 11,115 ft (three to 3,400 m). BOEM estimates the areas available for sale could result in the production of up to 890 MMbbl of oil, and 3.9 tcf of natural gas.

Each high bid on a tract will now be evaluated by BOEM to ensure fair market value before a lease is awarded.

The top five bidding companies by dollar were as follows:

1.     Exxon Mobil Corp. – 7 high bids totalling $220,254,446

2.     Shell Offshore Inc. – 38 high bids totalling $139,925,720

3.     BHP Billiton Petroleum (Deepwater) – 24 high bids totalling $107,160,240

4.     Venari Offshore LLC – 15 high bids totalling $86,796,442

5.     Plains Exploration & Production Co. – 11 high bids totalling $92,575,000.

3/20/13

Related Articles

CEPSA agrees to Coastal Energy takeover

Nov 19, 2013

Spanish oil company CEPSA has agreed to acquire Coastal Energy via a share purchase.

Statoil fined for North Sea waste mix-up

Nov 19, 2013

Statoil has been handed a NOK-10 million ($1.64-million) fine for an incident on the Oseberg C platform in May 2011.

Trending News

Hydratight launches hot bolting services for offshore assets

Oct 24, 2014

Hydratight now offers hot bolting services globally on all types of flanged joints.

Palantir Solutions launches new reserves management and planning tool

Oct 24, 2014

Palantir Solutions is offering a new reserves management and planning solution called PalantirRESERVES, which is powered by PalantirDATAFLOW, a data management planning platform.

Fugro offers high-resolution subsea laser scanning

Oct 24, 2014

Fugro has expanded its offshore oil and gas services by adding high-resolution subsea laser scanning, which can be applied to a range of subsea services including metrology, field mapping, structure mapping, change detection, and integrity management.

OFG completes CSEM hydrate survey offshore Japan

Oct 24, 2014

Ocean Floor Geophysics Ltd., in cooperation with Fukada Salvage and Marine Works Co. Ltd., has completed a high-resolution CSEM survey of near-surface gas hydrates in Japanese waters using the Scripps Institution of Oceanography Vulcan system for the National Institute of Advanced Industrial Science and Technology (AIST).

Statoil takes an offshore operatorship in Australia

Oct 24, 2014

Statoil continues to expand in Australia, with the award of 100% equity share in an exploration permit in the Northern Carnarvon basin on the Northwest Shelf of Australia.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>