Total subsidiary in deal with Chevron on seven Gulf of Mexico prospects

Total subsidiary in deal with Chevron on seven Gulf of Mexico prospects

A subsidiary of French oil supermajor Total has signed a deal with US giant Chevron on offshore exploration in the US Gulf of Mexico.

Under the agreement Total E&P USA will capture seven prospects operated by Chevron.

It covers 16 blocks located in the Wilcox area in the central Gulf and the Norphlet area in the eastern Gulf.

The Total subsidiary’s participation in the wells will be between 24% and 40%.

Total’s existing interests in the Gulf of Mexico already include a 17% holding in the Tahiti field, 33.33% of Chinook and 40% of North Platte.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

Related Posts