Chevron Bids Highest For Gulf Of Mexico Drilling Rights ...Middle East

Gulf of Mexico oil lease sale number 259 held on Wednesday attracted $264 million in bids for drilling rights in an area estimated to hold nearly 30 billion barrels of oil, with Chevron coming in with the highest bids, followed by BP, Shell and Equinor. Chevron turned up with seven of the 10 highest bids for blocks, with BP Exploration & Production Inc and Equinor Gulf of Mexico LLC representing the second and third highest bids. Chevron offered up $108 million for 75 tracts, followed by BP with $47 million in bids and Shell, with $20 million. …

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