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Gulf of Mexico Western Lease Sale 238: US-Mexico border drives bidding


Gulf of Mexico Western Lease Sale 238: US-Mexico border drives bidding

Report summary

Operators placed 81 high bids totalling US$110 million at the US Gulf of Mexico Western Lease (WLS) 238. 33 high bids were placed in deepwater along the US-Mexico maritime border, totalling US$35.7 million. 

There were only four operators with high bids exceeding US$20 million:  Chevron spent US$25.8 million on five blocks, ConocoPhillips bid US$23.4 million on 10 blocks, BP bid US$22.8 million on 27 and BHP had 14 high bids, four outbidding BP, totalling US$21.9 million. 


What's included?

This report includes 2 file(s)

  • Gulf of Mexico Western Lease Sale 238: US-Mexico border drives bidding PDF - 436.11 KB 6 Pages, 2 Tables, 3 Figures
  • Gulf of Mexico Western Lease Sale 238 US-Mexico border drives bidding.xls XLS - 273.50 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

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  • A third of deepwater high bid value along the US-Mexico border
    • Deepwater high bid value continues to decrease for third sale in a row
    • Existing players maintain interest in the Shelf

In this report there are 5 tables or charts, including:

  • A third of deepwater high bid value along the US-Mexico border
    • Comparison of previous Western Lease Sales
    • High bids by operator - Shelf and deepwater
    • Shelf bids and bonuses by sale
    • Apparent high bids by block Western Lease Sale 238
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