On 14 December 2011 twenty companies bid for new Western Gulf of Mexico acreage in Sale 218. Winning bids on 191 blocks totaled US$337.7 million. The results of the sale were noteworthy in a number of respects.

Only a handful of companies drove the sale results. ConocoPhillips' high bids represented 46.7% of the total. Other drivers of the competition were ExxonMobil, Maersk, BP and Anadarko.

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