Insight
Gulf of Mexico Lease Sale 250 - bargain hunter's paradise
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The US Gulf of Mexico region-wide Lease Sale 250 was held on 21 March 2018. It attracted 159 bids from 33 participating companies, with high bids totalling US$124.8 million. On the surface it seems like a major rebound in activity from the last lease sale. But the total high bid amount is still close to historic lows, only increasing 3% from the August 2017 lease sale. Operators main focus was blocks around existing infrastructure and proven discoveries.
Table of contents
-
Sale analysis
- Modest Lease Sale
- Infrastructure is the sweet spot for operators
- Companies take a second look
- Recent discoveries Spur interest
- BP steps up, while Anadarko steps back
- Shelf delivers a surprise
- Where does GoM go from here?
- Acreage on offer
-
Terms and conditions
- Timeline
- Evaluation process
Tables and charts
This report includes the following images and tables:
-
Top 10 companies by high bids in deepwaterMost recent lease salesWestern Gulf of Mexico bid resultsShelf bids and bonuses by lease sale (2009-2017)
What's included
This report contains:
Other reports you may be interested in
Asset Report
Spruance (EW 877)
Spruance (EW 877) is a small Subsalt Miocene oil discovery in the Ewing Banks protraction area of the Central Gulf of Mexico. The field ...
$3,720
Asset Report
Santa Cruz/Santiago
Santa Cruz/Santiago is a co-development of two oil and gas fields located in Mississippi Canyon block 519 of the Central Gulf of ...
$3,720
Asset Report
Princess (MC 765)
Princess (MC 765) is an oil and gas field located off the northern flank of the Ursa (MC 810) field in the Mississippi Canyon ...
$3,720
