Shell bid on a total of one block and was the apparent high bidder on Alaminos Canyon Block 902 with a bid of $1.75 million. Competition for Alaminos Canyon Block 902 included Stone Energy with a bid of $1.06 million.
The acquisition of this key block strengthens Shell’s existing position in Perdido, where to date we have drilled 11 exploration and appraisal wells, and have current production coming from 14 wells in the Tobago, Silvertip and Great White ultra deep-water fields.
“We are pleased with today's Lease Sale results, as the blocks we’ve acquired over the last two Western lease sales further Shell’s efforts to grow our heartlands,” said Mark Shuster, Shell Executive Vice President Exploration.
“The Gulf of Mexico is a major production area in the US, accounting for almost 50% of our oil and gas production in the country. We look forward to building on our long, successful history there.”