Only five operators submitted bids for new acreage in the US Gulf of Mexico during the US Bureau of Ocean Energy Management’s latest auction held in New Orleans in August. Anadarko Petroleum, BHP Billiton, BP, Peregrine Oil and Gas, andEcopetrol America were all participants. The next US offshore auction program will begin in 2017 and will include acreage in the Gulf of Mexico, Alaska, and the Atlantic Ocean.
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.