W&T Offshore is Apparent High Bidder on Four Gulf of Mexico Blocks
W&T Offshore was the apparent high bidder on four Outer Continental Shelf (OCS) blocks in the Central Gulf of Mexico Lease Sale 198 held earlier this week by the Minerals Management Service (MMS).
Three of the blocks are in deepwater, (Green Canyon 73, Green Canyon 74, and Viosca Knoll 916) and one block is on the conventional shelf, (Viosca Knoll 520). W&T Offshore's
investment on the apparent high bids will be approximately $4.9 million, which
reflects a 100-percent working interest. High bids are subject to MMS review.
Operates 2 Offshore Rigs
- W&T Offshore Strikes Black Gold at Mahogany Field (Jan 06)
- US Jury Finds Apache Did Not Breach Contract With W&T Offshore (Dec 15)
- W&T Ban From Bidding For Oil Could Last 3 Years, EPA Says (Dec 03)