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In 1983 in offshore Louisiana, 1,008 wells were drilled, a decrease of 25 wells from 1982. The overall success rate decreased 2.6% (to 62.5%) from 1982. The success rate for wildcats decreased to 21.2%, with 38 new-field discoveries. The success rate for new-pool and outpost drilling decreased to 47.1%, with 32 discoveries.
At Federal Lease Sale 72 on May 25, 1983, the first area-wide federal lease sale in the Gulf of Mexico, a record $4.58 billion was bid on 656 leases by 80 companies. The total of accepted winning bids on 623 tracts (3,089,872 acres) was $3.37 billion.
Geophysical activity decreased to 1,220 crew-weeks, down 13% from 1982.
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