Gulf of Mexico lease sale 251 - confidence builds

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17 August 2018

Gulf of Mexico lease sale 251 - confidence builds

Report summary

The US Gulf of Mexico region-wide Lease Sale 251 was held on 15 August 2018. It attracted 171 bids from 29 participating companies, with high bids totalling US$178.1 million, a 43% increase from the March 2018 lease sale. Risk appetite increased as majors acquired remote acreage, but infrastructure rich protraction areas continued to receive strong bidding interest. The total high bid amount remained low relative to historical lease sales, but capital is returning to the Gulf of Mexico.

Table of contents

Tables and charts

This report includes 5 images and tables including:

  • Fiscal benchmarking using government share and company IRR
  • Top 10 companies by high bids in deepwater
  • Western Gulf of Mexico bid results
  • Most recent lease sales
  • Shelf bids and bonuses by lease sale (2010-2018)

What's included

This report contains:

  • Document

    Gulf of Mexico lease sale 251 - confidence builds

    PDF 1.43 MB

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