On March 21 the Bureau of Ocean Energy Management held Gulf of Mexico areawide Lease Sale 250 which offered a record 77.3 million acres in 14,474 tracts. A total of 148 tracts, primarily in Mississippi Canyon received 159 bids from 33 participating companies. The sale brought in $124.7 million.The highest bid for a block was placed by Total. The company bid $7.0 million for ultra-deepwater block Mississippi Canyon 697, beating Chevron’s $4.2 million bid.......
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