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Shell takes most blocks in Gulf of Mexico offshore lease sale

|About: Anadarko Petroleum Corporation (APC)| By: , SA News Editor
Royal Dutch Shell (RDS.A, RDS.B) snapped up the biggest number of blocks at yesterday’s auction for oil and natural gas leases in the U.S. Gulf of Mexico, spending $84.8M on 87 bids.

The sale brought in the most revenue from such an event since the oil price downturn, with $244M in high offers received, according to the U.S. Bureau of Ocean Energy Management.

Anadarko Petroleum (APC -0.7%) and Hess (NYSE:HES) were the next highest bidders by dollar amount of high bids, totaling $24M and $18M respectively.

Equinor (NYSE:EQNR) placed the apparent high bid of the sale, offering $24.4M for Mississippi Canyon Block 801, and teaming up with Kosmos Energy (NYSE:KOS) to win Keathley Canyon Block 964 with a $7M bid.

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