Lease Sale 205
October 3, 2007

Print Report

The Outer Continental Shelf Sale 205 was held in New Orleans on October 3, 2007. Sale 205 resulted in 1,428 bids, by 84 companies, on 723 tracts, for a total of $5,245,583,944. The total sum of apparent winning bids was $2,904,321,011, on approximately 3.9 million acres.

The big players, in terms of number of tracts bid on, are:

·       Cobalt International Energy, L.P. - 130 bids

·       BP Exploration & Production - 125 bids

·       Shell Offshore Inc. - 94 bids

·       Chevron U.S.A. Inc. - 90 bids

·       Nexen Petroleum Offshore U.S.A. Inc. - 72 bids

In terms of total amount exposed, we have:

·        Shell Offshore Inc. - $650.0 million

·        Chevron U.S.A. Inc. - $379.7 million

·       Cobalt International Energy, L.P. - $355.1 million

·        Marathon Oil Company - $345.1 million

·        Petrobras America Inc. - $279.8 million

In terms of total amount of high bids, we have:

·       Shell Offshore Inc. - $554.6 million

·       Chevron U.S.A. Inc. - $283.4 million

·       Marathon Oil Company - $221.7 million

·       Cobalt International Energy, L.P. - $211.3 million

·       Murphy Exploration & Production Company - $161.1 million