Block/Bidding Evaluation Tutorial
This video is a tutorial on the Block/Bidding Evaluation tool of the GOM³ Analytics Add-on. For each deepwater block in the Gulf of Mexico, this tool forecasts the likelihood of receiving a bid, the likely bid amount, the likelihood of the BOEM accepting the minimum-allowable bid, and the amount the BOEM is likely to accept if it is above the minimum. This video goes over input and, particularly, the best usage for the output of the tool. A deeper dive on the models used for the forecasts can be viewed here: • Block/Bidding Evaluation - Deep Dive