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Investment continues to slide in US Gulf of Mexico Central Lease Sale 235

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19 March 2015

Investment continues to slide in US Gulf of Mexico Central Lease Sale 235

Report summary

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. 

Table of contents

  • What a difference one year makes
  • Deepwater investment concentrated on blocks near identified prospects and recent discoveries
  • Shelf activity stays muted

Tables and charts

This report includes 4 images and tables including:

  • Investment continues to slide in US Gulf of Mexico Central Lease Sale 235: Table 2
  • Top 10 companies by high bids in deepwater
  • Shelf bids and bonuses by lease sale (2007-2015)
  • Apparent high bidders by block in CLS 235

What's included

This report contains:

  • Document

    Investment continues to slide in US Gulf of Mexico Central Lease Sale 235

    PDF 405.52 KB

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