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.
