SHEL - Trinidad's Shallow Water Auction: BP Shell EOG Reportedly Placed Bet Lured By New Terms | Benzinga
BP p.l.c. (NYSE:BP), Shell plc (NYSE:SHEL) and EOG Resources, Inc. (NYSE:EOG) reportedly offered six bids to Trinidad and Tobago.
The bids are for four blocks to explore for oil and gas as its 2023 shallow water auction closed on Monday, reported Reuters.
There were no other bidders in the auction, and Trinidad’s Energy Minister Stuart Young said the winners would be announced in four months.
As per the report, all three companies bid for the Modified UC block close to the Teak, Sammaan, and Poui-producing fields.
In particular, EOG bid on three blocks (the Modified UC, the Lower Reverse L, and NCMA 4), Shell had one ...