Only 13 companies participated in the lease sale:
- Chevron .
- Shell
- Walter
- Houston Energy
- LLOG (now owned by Harbour Energy)
- Oxy/Anadarko
- Woodside
- BP
- Red Willow
- Focus Exploration
- Renaissance Offshore
- Navitas Petroleum
- CL&F Offshore
The No-Shows:
US supermajors once active in the Gulf that have become perennial No-Shows:
- Exxon
- ConocoPhillips
International majors with a Gulf presence:
- Equinor
- Eni
- Total
- Petrobras
- Repsol
Typically active independents
- Arena
- Cantium
- Beacon Offshore
- Talos
- Kosmos
- Murphy
Why was the participation so poor?
- Only 3 months between BBG1 and BBG2
- Lease sale certainty reduces urgency
- Concerns about longer term policy changes?
- Mergers reduce participation and competition?
- New ownership, change in priorities?
- More limited geologic prospectivity?
It would be helpful to hear from some of the companies that chose not to participate.
Bud's Offshore Energy (BOE) 