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Investment finally increases at US Gulf of Mexico Central Lease Sale 247

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Report summary

Cautious optimism returns to the deepwater Gulf of Mexico (GoM). Total bid amounts increased year-over-year for the first time in five years. Operators offered over US$315 million for 163 blocks, an increase of 76% and 27% from 2016. Shell was the largest spender of the sale for the second straight year, bidding a total of US$55.9 million. Statoil and Hess surprised as second and third highest with total bonuses of approximately US$44 million.

What's included

This report contains

  • Document

    Investment finally increases at US Gulf of Mexico Central Lease Sale 247

    PDF 3.22 MB

  • Document

    US GoM Central Lease Sale 247.xls

    XLS 173.00 KB

  • Document

    Investment finally increases at US Gulf of Mexico Central Lease Sale 247

    ZIP 3.28 MB

Table of contents

    • Criteria for success
    • Timeline
    • Evaluation Process
    • Infrastructure is the target
    • Majors and large caps lead
    • Private equity pullback
    • Cautious optimism absent from the shelf
    • Transitioning to region-wide lease sales
    • Fiscal regime

Tables and charts

This report includes 7 images and tables including:

Images

  • Bid results
  • Investment finally increases at US Gulf of Mexico Central Lease Sale 247: Image 1
  • Top 10 companies by high bids in deepwater
  • Shelf bids and bonuses by lease sale (2007-2017)
  • Investment finally increases at US Gulf of Mexico Central Lease Sale 247: Image 5

Tables

  • Central Lease Sale 247 Summary
  • Three most recent Central Lease Sales (2015-2017)

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