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

UK government steps up consultations on offshore tax relief

Jan 23, 2015

Oil & Gas UK has welcomed a further consultation by Britain’s government on a basin-wide UK offshore investment allowance.

Norwegian license winners outline prospects, work plans

Jan 22, 2015

Statoil has issued details of its new licenses under Norway’s Awards in Predefined Areas 2014 (APA 2014) Round.

Cooper, Santos to progress Sole gas studies in Gippsland basin

Jan 22, 2015

Cooper Energy has agreed to acquire a 50% interest from Santos in the VIC/RL3 permit offshore southeast Australia and the associated onshore Orbost gas plant.

UK offshore sector could be hit by further tax charge

Jan 22, 2015

Accountancy/shipping advisory specialist Moore Stephens claims companies in the offshore maritime sector could be affected by the UK’s proposed 25% Diverted Profits Tax (DPT) charge.

Norway opens new area of Barents Sea for license bids

Jan 22, 2015

The Norwegian Ministry of Petroleum and Energy has made available 57 blocks and part-blocks under Norway’s 23rd licensing round.

Trending News

CERAWeek 2015: Analyst discusses state of the oil and gas market, economy

Apr 20, 2015

With oil prices still low, and many oil and gas companies laying off thousands, the oil downturn is marking a significant turning point in the energy industry, a panelist discussed Monday at IHS Energy CERAWeek in Houston. 

Platform maintenance spending set to increase, report claims

Apr 20, 2015

Demand for offshore modifications, maintenance, and operations (MMO) services totaled $95 billion last year for the world’s 8,061 offshore platforms, according to analyst Douglas-Westwood.

DEA delegates offshore Norway well planning to AGR

Apr 20, 2015

DEA Norge has contracted AGR for well engineering and operational support for the operator’s drilling programs offshore Norway.

Kongsberg adds new functions to LedaFlow multi-phase flow tool

Apr 20, 2015

Kongsberg Oil & Gas Technologies has released version 1.7 of the LedaFlow transient multi-phase flow simulator.

Proserv, JCE team up in MENA region

Apr 20, 2015

Topsides/subsea engineering group Proserv is to collaborate with hazardous environment specialist JCE Group (UK) in the Middle East and North Africa (MENA) region.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>