Tag: oil leases

BP Returns to High Stakes Gulf Oil Lease Auctions

BP Returns to High Stakes Gulf Oil Lease Auctions

After being forced to sit out the last three drilling right auctions in the Gulf of Mexico because of suspension, BP retuned to the high-stakes game demonstrating enthusiasm for offshore development in the Gulf by winning 24 of its 32 bids for leases in the Central Gulf that included territory near their fail Macondo Well.

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