US gulf sale bidders key off deepwater fields, discoveries

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.'...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected