Shell Expands GoM Portfolio with 38 Blocks (USA)

Shell Expands GoM Portforlio with 38 Blocks
Shell continues to build upon a strong position in the Central Gulf of Mexico and it was the apparent high bidder on 38 offshore blocks during yesterday’s US Bureau of Ocean Energy Management (BOEM) Lease Sale 227.

 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.

 March 21, 2013