CATEGORIZED | News

Central Gulf of Mexico oil and gas lease sale results show positive outlook for deepwater

Posted on 24 March 2010

Central Gulf of Mexico Oil and Gas Lease Sale 213, held 17 March in New Orleans by the US Minerals Management Service (MMS), attracted 77 companies that submitted 642 bids on 468 tracts. That comprised 2.4 million acres off of the Louisiana, Mississippi and Alabama coasts. The bids received totaled more than US$1.3 billion.

“The bidding activity at today’s sale speaks to the future of deepwater Gulf in providing vital energy production for the nation,” said Lars Herbst, MMS Gulf of Mexico regional director. “There was also an increase in interest in shallower waters that offers deep gas potential, which is encouraging.”

The highest bid received on one tract was $52.56 million, submitted by Anadarko and Mariner Energy for Walker Ridge Block 793.

A total of 6,958 tracts, or 36.96 million acres, were offered, but only 468 tracts, or 2.48 million acres, received bids. Ultimately, the number of bids totaled 642, with an average 1.37 bids per block.

A total of 141 bids were made on tracts with water depths greater than 2,000 m; the sum of the high bids was $354.73 million. On the shallow end, acreage with water depths of 0-200 m received 151 bids; the high bid sum was $79.96 million.

Below are the top 10 companies based on the sum of high bids submitted:

  1. Anadarko
  2. Maersk Oil Gulf of Mexico
  3. Shell Offshore
  4. Chevron
  5. Mariner Energy
  6. Hess Corp
  7. BHP Billiton Petroleum
  8. Nexen Petroleum Offshore
  9. BP Exploration &  Production
  10. Noble Energy

The high bids will undergo evaluation by MMS before the lease is released to the bidder.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 22 April 2014

    Noble names Steven Manz as Senior VP And CFO of Paragon Offshore

    Steven A. Manz will serve as Senior VP and CFO of Noble Corp’s spinoff company Paragon Offshore, a standard specification offshore drilling company, Noble announced today...

  • 17 April 2014

    Shell makes deepwater gas discovery offshore Malaysia

    Shell has made an exploration discovery offshore Malaysia in the Rosmari-1 well located 135 km offshore Malaysia in Block SK318. The well was drilled to a total depth of 2,123...

  • 16 April 2014

    Maersk Drilling takes delivery of ultra-deepwater drillship

    Maersk Drilling has taken the delivery of its second drillship, Maersk Valiant from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea. Maersk Valiant has begun its voyage toward the...

  • 16 April 2014

    Ensco orders new jackups from Lamprell

    Ensco has ordered two high-specification jackups, ENSCO 140 and ENSCO 141, for delivery in mid-2016 from Lamprell’s shipyard in the United Arab Emirates. The rigs will also...

  • 16 April 2014

    MPD/UBD successfully drills sidetrack after 6 failed conventional drilling attempts

    In the Brookeland Field in East Texas, conventional drilling methods failed in six attempts to drill a “straightforward” horizontal wellbore. The original well had surface casing installed...

  • Read more news