Mariner Energy high bidder on 8 blocks in Western Gulf of Mexico

Sept. 2, 1998 Mariner Energy said that it was the apparent successful bidder, solely or with industry partners, on 8 blocks out of 11 on which it submitted bids in the Western Gulf of Mexico Oil and Gas Lease Sale 171.
All of the blocks are in the Deepwater Gulf, in water depths ranging from approximately 700 feet to 4,700 feet. Mariner's share of its apparent high bids is $ 6.8 million, net of partner reimbursements, representing an average working interest of 69 %. Pending the award of the high bid blocks, Mariner will have 134 blocks in the Gulf of Mexico, including 65 in the Deepwater.