BOEMâs Lease Sale 253 was held yesterday in New Orleans and generated USD 159.39 million in high bids for 151 tracts covering with some 3,379 sq km, with 27 companies participating and BHP being the most active. Deepwater blocks accounted for 128 of the tracts, while 23 were in shallow water. On offer were 14,585 blocks totalling nearly 315,000 sq km, WDs 3-3,400m. Royalty rates of 12.5% for less than 200m WD and 18.75% for deeper blocks. Lease Sale 252 earlier this year attracted 257 bids from 30 companies. More from the BOEM and GEPS.
GoM Lease sale 253 generated US$159,39 MM in high bids for 151 tracts covering with some 3,379 sq km, with 27 companies participating and BHP being the most active (captured a total of 20 blocks). Deepwater blocks accounted for 128 of the tracts, while 23 were in shallow water. 