USA plans new GoM mega-auction
USA Onboard the Maersk Developer, operating the Hadrian-5 well for ExxonMobil about 200 miles offshore in the KC-919 field in the Gulf of Mexico, on July 6, 2011. © 2011 Robert Seale
The auction, to be held in March 2019, will include the over 14,000 blocks that did not receive any bids in the previous such round, held in August.
The royalty for leases in water depths of less than 200 metres will be 12.5%, and 18.75% for all other blocks, S&P Global Platts reported.
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