Latest GOM Lease Sale Draws More Bids

Wednesday, August 23, 2000
Oil and gas companies, enjoying increased cashflow as a result of strong energy prices, submitted a higher number of bids in the latest Western Gulf of Mexico lease sale, the U.S. Minerals Management Service said.

The sale drew 266 bids from 52 companies on 226 exploration blocks, up from 177 bids from 41 companies on 153 blocks in the previous Western Gulf of Mexico lease sale, held in August last year.

A total of 3,789 blocks covering 20.6 million acres offshore Texas and Louisiana were offered in the latest lease sale. The blocks are at distances of nine to 200 miles offshore and water depths range from eight meters to more than 3,000 meters.

Acreage in shallow water proved most popular, with bids received on 129 blocks in depths up to 200 meters. Bids were also received on 81 blocks in depths of over 800 meters and on 16 blocks in intermediate depths of 200 to 800 meters.

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Five Years on from Macondo

An interview with NOIA’s Randall Luthi provides unique perspective on where the offshore energy business has been, where it is now, and where it could be headed next.

Offshore O&G: Weathering the Storm

Vessels are stacked as Gulf oil operators retrench and day rates fall. In the Gulf of Mexico, vessels serving offshore oil-and-gas exploration and production are

Fugro Extends Contract with McDermott

Fugro has been awarded a three-year extension to its existing contracts with McDermott Middle East, Inc. The contract covers the provision of survey, positioning,

Navigation

Maritime Disputes Test China's Peaceful Rise

The South China Sea has become the most important testing ground for the changing economic, political and military relationship between China and the United States.

VIKING’s Top Safety Offerings at Nor-Shipping

Marine safety equipment leader VIKING Life-Saving Equipment will appear in force at Nor-Shipping 2015, displaying both innovative products and services that

UKHO ‘Living with ECDIS’ Seminars at Nor-Shipping

Seminar to include information on updated IHO ENC Standards   The United Kingdom Hydrographic Office (UKHO) has announced the details of its free-to-attend ECDIS Seminars at Nor-Shipping,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1171 sec (9 req/sec)