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

Analysis confirms prospectivity in Drombeg offshore Ireland

Mar 5, 2015

Providence Resources has provided an update on the review of its Lower Cretaceous Drombeg prospect in the southern Porcupine basin offshore southwest Ireland.

Major projects lift ExxonMobil’s global output

Mar 5, 2015

ExxonMobil expects to increase its global production by 2% this year to more than 4.1 MMboe/d, driven by 7% liquids growth.

Eirik Raude prepares to spud Zebedee offshore Falklands

Mar 5, 2015

The semisubmersible Eirik Raude has arrived in Stanley and will soon start a six-well campaign offshore the Falkland Islands.

Drilling under way at Morkel in North Sea

Mar 5, 2015

The semisubmersible Bredford Dolphin has spudded a well for Lundin Norway on the Morkel prospect in the Norwegian North Sea.

SSTB 2015: Aker Solutions officials describe capabilities of workover riser connection

Mar 5, 2015

Aker Solutions officials have been describing the capabilities of riserLOCK 7.10 workover riser connector at the Subsea Tieback Forum & Exhibition being held at the Ernest N. Morial Convention Center in New Orleans. 

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>