Western Gulf lease sale results in

Offshore staff

HOUSTON -- Western Gulf of Mexico Oil and Gas Lease 204 drew $289,953,066 in high bids on 282 tracts from 47 companies. MMS awarded 274 leases with high bids totaling $287,081,023.

Statoil Gulf of Mexico Llc issued the highest bid on a tract at $37,588,800 for Alaminos Canyon block 810. This tract in greater than 2,000 m (6,562 ft) of water received two bids. BP issued the greatest number of high bids, 88, and Statoil GoM Llc topped the list of high bid spenders with $138.6 million.

12/05/2007