On 1 July 2020, BP Exploration & Production was awarded Mississippi Canyon Block MC 123, situated in the Louisiana Coastal Basin. MC 123 is sited directly to the east of the Hoffe Park discovery, which encompasses blocks MC 122, MC 165 and MC 166. In early July 2020, Chevron USA acquired deep operating rights in the Hoffe Park discovery from Murphy Exploration & Production. Hoffe Park is located in the Middle Miocene and has a gross resource potential of between 75-120 MMboe, according to figures from June 2019. MC 123 was originally offered as part of Gulf of Mexico Lease Sale 254, which was held on 18 March 2020 and attracted a total of US$ 93 million in high bids. Lease Sale 254 was the sixth offshore sale under the 2017-2022 Outer Continental Shelf (OCS) oil and gas leasing. Following official award, BP Exploration & Production is the operator and sole interest-holder (100% WI + Op) in MC 123.
United States (GOM B.), BP Exploration & Production was awarded Mississippi Canyon Block MC 123. MC 123 is sited directly to the east of the Hoffe Park discovery, which encompasses blocks MC 122, MC 165 and MC 166. BP Exploration & Production is the operator and sole interest-holder (100% WI + Op) in MC 123.