Mariner Energy highest bidder on 12 GoM blocks

Mariner Energy is the apparent high bidder on 12 of 17 blocks in the US Minerals Management Service (MMS) Central Gulf of Mexico Lease Sale 208.

Offshore staff

HOUSTON -- Mariner Energy is the apparent high bidder on 12 of 17 blocks in the US Minerals Management Service (MMS) Central Gulf of Mexico Lease Sale 208. Mariner submitted individual and joint bids on 12 deepwater blocks and five shelf blocks, with a total net exposure of $11.1 million. Mariner's net exposure on the 12 apparent high bids was $7.3 million.

Mariner's working interests on the blocks where it was the apparent high bidder range from 15% to 100%. The MMS will review all of the bids, and Mariner expects the leases to be awarded over the next several months.

03/19/2009

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