Investment in the Central Gulf of Mexico Lease Sale 235 continued its downward trend on 18 March 2015, with the number of companies participating (41) and high bid amount (US$539M) down for the third consecutive year. The sale reflects a reaction to the lower oil price environment, which has caused operators to slash exploration budgets and pivot towards development and appraisal work.
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Insight | Mar 2015
Investment continues to slide in US Gulf of Mexico Central Lease Sale 235
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