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News and Media Releases
Shell expands Gulf of Mexico portfolio
Shell bid on a total of 35 blocks and exposed approximately $500 million. Shell was the apparent high bidder on 24 blocks, with those bids totaling approximately $406 million.
“The Gulf of Mexico is an important region for Shell and today’s lease sale results build on the strong technical work and track record of our exploration and development teams to establish a deep and robust portfolio. In addition to our prospect inventory, we see scope for continued growth, through the Mars B – “Olympus” Development project and through potential new hub class developments at the Vito and Appomattox discoveries,” said Scott Cameron, Vice President of Deepwater Exploration, Shell Upstream Americas.