Shell bid on a total of 43 blocks and exposed approximately $166 million. Shell was the apparent high bidder on 38 blocks, with those bids totaling approximately $140 million.
“Today’s results strengthen Shell’s existing portfolio, which includes significant progress on the Mars-B development project with the arrival of the Olympus Tension Leg Platform,” said Shell in a statement.
Shell is also in the concept selection phase for the Appomattox and Vito discoveries.