Posted by Yesterday (March 11th, 2026), the ๐๐ข๐ ๐๐๐๐ฎ๐ญ๐ข๐๐ฎ๐ฅ ๐๐ฎ๐ฅ๐ 2 (BBG2) Oil & Gas Lease Sale took place, with 38 bids submitted. The bid resulted in the award of 25 new leases, generating nearly $47 million in winning offers.
In total, 13 companies secured leases, either as operators or partners: ๐ฏ๐ฝ, ๐๐ต๐ฒ๐๐ฟ๐ผ๐ป, ๐๐&๐ ๐ข๐ณ๐ณ๐๐ต๐ผ๐ฟ๐ฒ, ๐๐ผ๐ฐ๐๐ ๐๐
๐ฝ๐น๐ผ๐ฟ๐ฎ๐๐ถ๐ผ๐ป, ๐๐ผ๐๐๐๐ผ๐ป ๐๐ป๐ฒ๐ฟ๐ด๐ ๐.๐ฃ., ๐๐ฎ๐ฟ๐ฏ๐ผ๐๐ฟ ๐๐ป๐ฒ๐ฟ๐ด๐, ๐ก๐ฎ๐๐ถ๐๐ฎ๐ ๐ฃ๐ฒ๐๐ฟ๐ผ๐น๐ฒ๐๐บ, ๐ข๐
๐, ๐ฅ๐ฒ๐ฑ ๐ช๐ถ๐น๐น๐ผ๐ ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐, ๐ฅ๐ฒ๐ป๐ฎ๐ถ๐๐๐ฎ๐ป๐ฐ๐ฒ ๐ข๐ณ๐ณ๐๐ต๐ผ๐ฟ๐ฒ, ๐ฆ๐ต๐ฒ๐น๐น, ๐ช๐ฎ๐น๐๐ฒ๐ฟ ๐ข๐ถ๐น & ๐๐ฎ๐ ๐๐ผ๐ฟ๐ฝ๐ผ๐ฟ๐ฎ๐๐ถ๐ผ๐ป, ๐ฎ๐ป๐ฑ ๐ช๐ผ๐ผ๐ฑ๐๐ถ๐ฑ๐ฒ ๐๐ป๐ฒ๐ฟ๐ด๐.
Key highlights from BBG2:
โข ๐๐ฟ๐ฒ๐ฒ๐ป ๐๐ฎ๐ป๐๐ผ๐ป was the most competitive area in the sale, with 8 leases awarded.
โข ๐ฏ๐ฝ recorded the largest total investment, with $22.6 million across 3 winning blocks. Most of this amount was for lease GC404, which alone exceeded $21 million.
โข ๐ข๐
๐ acquired the largest number of blocks, securing 6 leases with $4.0 million in investment.
โข ๐๐ฎ๐ฟ๐ฏ๐ผ๐๐ฟ ๐๐ป๐ฒ๐ฟ๐ด๐, which recently acquired ๐๐๐ข๐, converted all five of its submitted bids into wins, totaling approximately $3.7 million.
All results and lease details have already been updated in ๐๐๐ซ๐ค๐๐ญ๐๐๐ญ๐๐ก ๐๐๐. Feel free to reach out if you would like to learn more about the platform.
