Send us a request and we will contact you as soon as possible.
The Bureau of Ocean Energy Management in the United States said that trading floor 257, located in the Gulf of Mexico, has already received 317 claim messages, which were, in particular, sent from 33 firms. Applications were received for 308 blocks out of the total proposed 15 148. As a result of the receipt of these applications, their total amount amounted to about $ 191.7 million. The sale was completed on November 17th. This event took place in New Orleans.
A total of 136 applications were submitted for blocks located at depths from 0 to 200 meters. However, the largest number of applications was filed specifically for blocks located in shallow water. The largest bids, amounting to $ 99 million, were placed on blocks located at depths ranging from 800 to 1600 meters. The deepest depth for the block, which also received an application, was Lloyd Ridge 457, located at about 3,100 meters.
The total amount of $ 47 million – the largest amount on applications – was submitted by Chevron USA Inc. This amount covers 34 applications. In second place was Anadarko US Offshore LLC, which posted $ 39 million from 30 applications.
The highest bids came from Exxon Mobil Corp – first place with a total of $ 14.9 million out of 94 bids combined. The second place was taken by BP Exploration & Production Inc., which showed 46 high offers with a total amount of $ 29 million. In third place was Chevron USA Inc. – 34 high stakes for a total of 47 million.
The highest bid was from Anadarko US Offshore LLC. This firm turned its attention to Block 259, located within the Alaminos Canyon and having a depth of 800-1600 meters. The enterprise offered $ 10 million for this block. In addition, this order is in the second largest place in the category of one-time sell orders.
Chevron USA Inc. Also included in the list of firms with the highest rating and offered the highest price – $ 4,400,000 for Block 40, which is located in a canyon in the Mississippi.
Lease Sale 257 includes about 15,200 blocks that are not leased. The blocks are located in the central, western and eastern zones in the Persian Gulf. It is approximately 3-231 miles from the coastline, which is also at a depth of about 115 feet.
These transactions represented 8 offshore sales made under the program of the US Department of Energy, which is responsible for operations on the outer continental loop. The program is designed for 2017-2022 and, in total, provides for the implementation of 10 sales transactions.
OCS, located within the Gulf of Mexico, covers an area of 160 million acres, including about 48 billion barrels of technically recoverable oil. In addition, there are also 141 trillion cubic feet of gas that can be technically extracted.
BOEM includes in the lease terms a commitment to protect biologically sensitive resources, to mitigate as much as possible potential negative impacts on protected species, and to prevent potential conflicts between gas and oil exploitation procedures and users of other resources in the Gulf of Mexico.
The financial terms also include a royalty rate of 12.5% for leases less than 200 meters deep. For other leases, the royalty rate will be 18.75%.
You can also consider the following offers of ready businesses for sale in the category “Oil&Gas project”.
ELI Deal service specialists will kindly help you to clarify all the terms of the transaction and choose the best option in order to start running the most profitable business.
The UAE has turned into one of the most attractive locations worldwide for businessmens and corporations with an eye to establishing a strong-footed presence in the Middle East. With its pro-business policies, a strategic location, and tax benefits, the UAE offers a plethora of openings for investors. Among the different types of business setups, formation…
The rules of MiCA regarding entity’s activities in the boundaries of EU carry on to alter. 2025 is a vital year for these regulations since European states are converting their regional structures to accommodate the new system. Therefore, all enterprises which operate in this field must be aware of all nuances of MiCA. This guide…
Starting on the journey of company formation in Meydan is related to unlocking a realm of endless economic avenues. MFZ, a renowned haven for businesses as well as startups, continues to be a domain unsurpassed for individuals who are seeking effortless company registration in Dubai. Corporate attention is focused on this well-known firm hub because…
In case you do not live in the boundaries of Europe, it can be complicated to create an account in a fiscal institution. Nevertheless, this process can be carried out successfully. Various states and monetary organizations have diverse demands which make it crucial to comprehend the primary tendencies affecting this course of action. FSPs can…
Crypto exchange license demands have become a notable concern for proprietors and financiers in the virtual asset sphere. One of the most frequently asked questions revolves around why this legislation demands credential authentication, including a selfie and a licence. This requirement has become almost universal across major platforms, leaving many wondering whether it’s possible to…
Labuan, an often-overlooked monetary hub in Southeast Asia, is swiftly carving out a position for itself as a premier state for cryptocurrency enterprises. Firms aiming for a rewarding position in the fintech field receive a unique occasion with a Cryptocurrency Exchange License for sale, allowing them a sudden lead over their peers. Unlike its Western…
The BVI, a longstanding model of offshore trade, provides an unparalleled haven for token sales and ICOs. For business owners searching for the ideal venue for their firms, the BVI supplies a unique judicial and monetary environment. It goes without saying that reliable investors looking for a safe setting are drawn to countries with strong…
The monetary sector is undergoing a swift metamorphosis, caused by the demand for swiftness, customized amenities, and improved protection. The monetary institution, which is now for sale, offers members a rewarding opportunity, but the sign clearly reads,” Bank for sale ” Select buyers are now being offered an exclusive charter for lending operations, as well…
The European lending ecosystem offers a wealth of opportunities for startups aiming to establish a monetary entity. With an anticipated AUM of $20.87 billion in 2024 and a projected revenue growth rate of 16.35% in 2025, Europe is a veritable epicenter for monetary innovation. Amid the maze of legalities and obscure fiscal complexities, a once-in-a-lifetime…
As we enter 2025, the commercial real estate sector is alive with transformative trends that are redefining opportunities for investors worldwide. The market is shifting rapidly, driven by changes in lifestyle, work patterns, and a growing focus on sustainability. For example, the surge in remote work has led to increased demand for adaptable office spaces…
This direction’s householding sphere continues to thrive, transforming its status as a premier place for financiers searching for property for sale in the UAE. In the early past, the sphere gained an impressive AED 35.2 billion (US$9.6 billion) in transferring operations, with 13,043 householding deals—marking a 22.9% augment in price and a 23.1% lift in…
What’s not to love about being a proprietor of a householding in this region? With breathtaking landscapes, world-class wine, and a multifaceted historical heritage, it’s no wonder numerous people dream of acquiring a householding in this stunning country. If you’re considering taking this stage, you’ll find plenty of aspects to move forward. Whether for a…
