US gulf sale bidders key off deepwater fields, discoveries

09/04/2000
Construction is starting on spars from which a Kerr-McGee group plans to start production around yearend 2001 in the Garden Banks area from Boomvang and Nansen oil and gas fields, where the Amos Runner semisubmersible has drilled several wells. Photo courtesy of Kerr-McGee.Click here to enlarge imageGas PipelinesAlmost 60% of the tracts that drew bids in US Western Gulf of Mexico Lease Sale 177 in late August were on the shelf, but bidders showed high interest in deepwater areas, especially Garden Banks.Kerr-McGee Oil & Gas Corp. paced the sale with 24 total bids, 22 of which were high bids, and Shell Offshore Inc. made 24 offers, 20 of them high. Canadian Occidental Petroleum Ltd.'...
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