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  <h1>Hydro secures ownership shares in 13 blocks in Gulf of Mexico</h1> 
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    <div class="date-module"> <span class="date_module-icon fa fa-calendar"></span> <span>August 28, 2007, 11:00 CEST</span> 
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    <div class="articleBody"> <strong>Hydro's Gulf of Mexico business unit enjoyed a successful licencing round when it participated in the Western Gulf of Mexico Sale 204, held on August 22 in New Orleans, Louisiana.</strong> 
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     <br> Hydro was the highest bidder for 13 of the 19 bids submitted, which gave an overall success rate of 68%.
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     <br> Hydro secured ownership shares in all five deepwater prospects (seven blocks), in whole or in part, and in all six of the shelf prospects.
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     <br> Hydro's net expenditure is USD 7,920,514, which indicates a very efficient bidding strategy.
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     <br> Hydro will also be operator in all shelf blocks and in six of the seven deepwater blocks for which the company bid.
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     <br> All bids are subject to final evaluation by the Minerals Management Service. This process takes around 90 days to complete.
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