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

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23 March 2017

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

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. 

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:

  • Central Lease Sale 247 Summary
  • Bid results
  • Investment finally increases at US Gulf of Mexico Central Lease Sale 247: Image 1
  • Three most recent Central Lease Sales (2015-2017)
  • 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

What's included

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

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    US GoM Central Lease Sale 247.xls

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

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