A number of large oil firms have purchased new drilling leases in the Gulf of Mexico in the first such auction since the BP oil spill of April 2010. The firm ConocoPhillips was the highest bidder, paying more than $103.2 million to drill. BP was also a winning bidder, paying $27 million.
BP Among Winning Bidders for New Gulf Drilling
HeadlineDec 16, 2011
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