Should all of its bids be approved, Devon would hold 845 lease blocks in federal waters of the Gulf of Mexico. This would include 272 lease blocks on the continental shelf and 573 in deep water. Of the total 845 lease blocks, 222 are producing and 623 are exploratory blocks. Devon currently operates 450 platforms and caissons in the Gulf of Mexico.
"Devon's recent discoveries in the Gulf of Mexico are validating our deepwater exploration capabilities," commented Stephen J. Hadden, senior vice president of exploration and production. "These blocks add to our strong portfolio of high-impact exploration prospects and build on our position as the largest independent holder of deepwater Gulf acreage, with more than 1.9 million net acres."
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