Central Gulf of Mexico - Lease Sale 198
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Mariner Energy has been awarded nine blocks on which it was the high
bidder at the March 15th Minerals Management Service (MMS) OCS Oil and Gas Lease Sale 198. The blocks awarded include the block on which Mariner made
its highest bid and two blocks located in deepwater areas of the Gulf of
Mexico (depths greater than 400 meters). Mariner's net cost exposure for the
nine blocks is approximately $16.5 million. Its bid on a tenth block on which
it was also the high bidder was not awarded.
Mariner Energy, Inc. is an independent oil and gas exploration,
development and production company with principal operations in the Gulf of
Mexico and the Permian Basin in West Texas.