BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/24/2014
The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks, resulting in a total of $850 million in apparent high bids. The lease sale was held Mar. 19 in New Orleans. The total amount bid was less than last year's central gulf Lease Sale 227 at which BOEM received 407 bids on 320 of the 7,299 tracts offered, totaling $1.2 billion in apparent high bids (OGJ Online, Mar. 20, 2013). The most sought-after acreage during this sale was in the deepwater and ultradeepwater, as blocks in 800-1,600 m of water received 57 bids and blocks in more than 1,600 m of water received 108 bids. Cobalt International Energ...
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