Repsol and Ecopetrol were awarded Garden Banks blocks GB 77 (G36147), GB 78 (G36148), GB 121 (G36149) and GB 122 (G36149), situated in the East Texas Coastal Basin, on 1 December 2017. The leases are expected to expire on 30 November 2022. The leases were originally offered as part of Central Gulf of Mexico Lease Sale 249, which was held in New Orleans in August 2017 and drew bids on just 90 offshore tracts, totalling about a half-million acres, less than 1% of the 307,561 sq km available. Lease Sale 249 garnered US$ 121,143,055 in high bids for 90 tracts covering 2,056 sq km (508,096 acres) in the Gulf of Mexico, it was announced on 16 August 2017 by the BOEM. The blocks are located 20km northwest from the Conger Field on GB 215, close to the Baldpate (GB 260) and Enchilada (GB 128) fields. Conger is a sub-salt, high-pressure, high-yield gas/condensate field and was originally developed via three subsea producers, with first oil being achieved in 2000. Following award, equity in GB 77, GB 78, GB 121 and GB 122 is split between Repsol E&P USA (50% WI + Op) and Ecopetrol America (50%).
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