Shell Expands GofM Portfolio
Shell was a high bidder on 38 Gulf of Mexico blocks at the US Bureau of Ocean Energy Management (BOEM) Lease Sale 227.
Shell continues to build upon a strong position in the Central Gulf of Mexico, bidding on a total of 43 blocks and exposed approximately $166 million.
Shell was the apparent high bidder on 38 blocks, with those bids totaling approximately $ 140-million.
The results strengthen Shell’s existing portfolio, which includes significant progress on the Mars-B development project with the arrival of the Olympus Tension Leg Platform.
Shell is also in the concept selection phase for the Appomattox and Vito discoveries.