Insight
US Gulf of Mexico lease sale 257: CCS brings attention to the Shelf
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Lease Sale 257 attracted 317 bids from 33 participating companies with the high bid amount totalling US$191 million. The number of blocks receiving bids increased by 88% when compared to the total number of blocks bid on in 2020, but the high bid amount fell by 10% to a new record low. The shelf surprised on the upside and drove bidding activity with ExxonMobil as the chief player. BP, Chevron, and Occidental Petroleum emerged as top spenders for deepwater blocks.
Table of contents
- Executive summary
- Lease sale analysis
- Which companies were the top spenders?
- Privates and Independents' participation was muted
- Comeback of previously rejected bids
- Conclusion
Tables and charts
This report includes the following images and tables:
-
Lease Sale 257 summaryMost recent lease sales (2019 - 2021)Western Gulf of Mexico bid results
-
Shelf bid and bonuses by lease sale (2016 - 2021)Central Gulf of Mexico bid resultsTop 10 companies by high bids in deepwater
What's included
This report contains:
Other reports you may be interested in
Asset Report
King MC 84
The King MC 84 development is located in the Mississippi Canyon protraction area of the Central Gulf of Mexico. It comprises three ...
$3,720
Asset Report
Red Zinger (MC 257)
Red Zinger (MC 257) is a small oil and gas discovery located in the Mississippi Canyon protraction area of the Central Gulf of Mexico. ...
$3,720
Asset Report
Boomvang
Boomvang is a predominantly oil-prone development located in the East Breaks protraction area of the Western Gulf of Mexico. Comprised ...
$3,720
