Deepwater statistical report ///
The 2007 US Gulf of Mexico Western Lease Sale attracted great interest, with bids concentrated in the deepwater region. This was the first sale covering the revised Western Planning Area following the extension of the Central Planning Area both westwards and eastwards.
The deepwater attracted two-thirds of all the apparent high bids with the Lower Tertiary play accounting for 64% of deepwater apparent high bids. The shelf continued to show a decline in new leases, but enough pockets of interest still exist to keep some buoyancy in bid levels.
The companies bidding in Lease Sale 204 employed a variety of strategies. In the deepwater, Statoil was the biggest spender, putting up $139 million in apparent high bids to gain 36 blocks, albeit at the expense of leaving a substantial $73 million on the table.
Log in to view this article.
Not yet a subscriber? Get started now for immediate access to this content and more.
Join Our Newsletter ///
Sign-up for World Oil Daily News
Latest News ///More