Freeport-McMoRan in $850M high bid total in central Gulf of Mexico oil lease sale; BP returns

  • by: JANET McCONNAUGHEY , Associated Press
  • Updated: March 19, 2014 - 6:55 PM

NEW ORLEANS — High bids from Freeport-McMoRan Oil & Gas LLC made up more than one-third of the $850.8 million total at Wednesday's federal oil lease sale for the central Gulf of Mexico. It also was the first sale since the government said BP PLC can again secure federal contracts; the company made $41.6 million in high bids.

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