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Shell Gulf of Mexico Inc. dominated bidding April 18 in the federal Outer Continental Shelf Lease Sale 202 in the Alaska Beaufort Sea, winning 49 of 92 tracts leased by the U.S. Minerals Management Service and offering the highest bids of the sale.
There was significant competition in bidding, however, from Total USA Inc., the U.S. subsidiary of the Parisbased company. Total acquired 32 tracts, most of them adjacent to offshore areas on which Shell offered the high bids of the sale.
Eni Petroleum Inc., subsidiary of the Italian firm Eni, acquired seven leases that were in nearshore waters adjacent to where the company is...