Rocksource ASA, through its subsidiary Rocksource Gulf of Mexico Corporation (RGOM), has been awarded nine leases in the Western Gulf of Mexico Lease Sale 210. The leases represent significant additions to the portfolio already acquired by Rocksource under a farm-in agreement announced in August, and underline the company’s ambitions in the Gulf of Mexico (GoM).

The leases awarded contain both previously discovered oil (the Trident field) and significant exploration potential. Rocksource estimates that the awarded leases will add exploration potential of approximately 70 million barrels of oil equivalents (mmboe) net risked resources. In addition, the awards include the Trident discovery, which the previous operator (Unocal/Chevron) estimated to contain in excess of 100 million barrels of discovered resources. Rocksource will release its own resource estimate upon further evaluation.

The leases awarded are in the Western Gulf of Mexico, in the Alaminos Canyon and East Breaks area.

CEO Trygve Pedersen said,“We are very pleased to announce these additions to our Gulf of Mexico portfolio. Following these awards we have established a significant presence in the Gulf within a short time frame. We are now in a position to high grade a portfolio of low risk, short to medium term drilling opportunities in the Gulf of Mexico. In addition, with the award of the Trident field, we have been given the opportunity to complete further technical review of the discovery to get a better understanding of its commercial potential.”

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