Investment finally increases at US Gulf of Mexico Central Lease Sale 247 Report

Insight 23 March 2017

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Report summary

Cautious optimism returns to the deepwater Gulf of Mexico (GoM). Total bid amounts increased year-over-year for the first time in five years. Operators offered over US$315 million for 163 blocks, an increase of 76% and 27% from 2016. Shell was the largest spender of the sale for the second straight year, bidding a total of US$55.9 million. Statoil and Hess surprised as second and third highest with total bonuses of approximately US$44 million.

Cautious optimism
- Criteria for success
Acreage on offer
- Timeline
- Evaluation Process
Sale analysis
- Infrastructure is the target
- Majors and large caps lead
- Private equity pullback
- Cautious optimism absent from the shelf
- Transitioning to region-wide lease sales
- Fiscal regime

Tables and charts

This report includes the following images and tables:

Central Lease Sale 247 Summary
Bid results
Investment finally increases at US Gulf of Mexico Central Lease Sale 247: Image 1

Three most recent Central Lease Sales (2015-2017)
Top 10 companies by high bids in deepwater
Shelf bids and bonuses by lease sale (2007-2017)
Investment finally increases at US Gulf of Mexico Central Lease Sale 247: Image 5