Italian oil giant
) has won five offshore exploration blocks after beating its
rivals within the Central Gulf of Mexico (GoM) Lease Sale in the
U.S. However, the lease awards are pending the final approval by
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Located in Mississippi Canyon and Desoto Canyon - the blocks rest
in water depths ranging from 1,400 feet (about 400 meters) to
8,000 feet (about 2500 meters).
The value of the blocks awarded in lease sale 227 in New Orleans
has been kept confidential. Though it is believed that Eni would
retain the operatorship of these blocks, details regarding
whether it would own 100% or will be partnered were not
Currently, Eni holds 174 exploration leases in two of the key
areas in the GoM, where these new blocks consolidate its acreage
position. The company has lease interests in 281 blocks in the
GoM, with a net daily production of about 88,000 barrels of oil
equivalent. Eni operates more than 60% of the blocks.
A total amount exceeding $1.6 billion had been placed by
companies in bids for deep-water acreage in central lease sale
227, with 407 offers in 320 tracts out of the 7,299 available.
) won 15 leases in the central region of the GoM in the Walker
Ridge Block 271 prospect in an auction under the U.S. Bureau of
Ocean Energy Management (BOEM). With this addition, the Norwegian
giant will get hold of over 340 leases in the GoM region in
) bid of $66 million was the second highest in the sale of
Keathley Canyon Block 789. This was higher than BHP Billiton
Limited's (BHP) offer of $55 million. ExxonMobil also submitted
$220 million, the maximum amount in total high bids, among all
the participating companies followed by
Royal Dutch Shell plc
Eni carries a Zacks Rank #4 (short-term Sell rating).