Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
The total amount bid for these leases was not confirmed, but Statoil reportedly bid $81.8 million (in cooperation with Samsung Offshore) to win one single lease on its top-priority lease, known as "Walker Ridge 271." And the total sum of all winning bids by all oil companies competing for them reportedly reached $1.2 billion.
Statoil noted in a statement that with today's winning bids -- assuming they are confirmed by BOEM -- it now controls more than 340 oil leases in the Gulf of Mexico. The company plans to drill two to three wells within the next 12 months in Gulf oil fields where it acts as project operator. Statoil will participate in another one or two wells operated by its corporate partners.
Statoil shares declined 0.3% in Wednesday trading despite the news of its success, closing at $24.20.