US oil and gas lease auction held in the Gulf of Mexico

By: Franyi Sarmiento, Inspenet, November 19, 2021.

Last Wednesday, the US held a sale of offshore oil and gas drilling leases in the Gulf of Mexico, the highest-performing auction since March 2019.

Auction proceeds amounted to $191,688,984 million, with total sales of an estimated 687,965 hectares, according to Reuters information.

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Buyers were offered around 324,000 square kilometers and the possibility of building platforms, drilling at subsea depths with promised production of around 1.12 billion barrels of oil and 4.2 trillion cubic feet of natural gas over the next 50 years. years.

Oil companies such as Exxon Mobil Corp., Chevron Corp., Anadarko owned by Occidental Petroleum Corp., BP and Royal Dutch Shell were the largest investors in the auction, while Exxon was the largest buyer by surface acquiring almost a third of the package by $14.9 million.

Source: https://actualidad.rt.com/actualidad/410728-eeuu-subasta-arrendamiento-petroleo-gas-golfo-mexico / Reuters

Photo: Gabe Raggio on Pixabay: https://pixabay.com/es/photos/industry-water-transport-system-3279601/

RT video in Spanish: https://www.youtube.com/watch?v=-2B1TBZzHlQ