Insight
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
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Cautious optimism
- Criteria for success
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Acreage on offer
- Timeline
- Evaluation Process
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Sale analysis
- 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
This report contains:
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