Total signs deal with Chevron to explore Gulf of Mexico assets
Total E&P USA has signed an agreement to explore seven Chevron USA-operated prospects, covering a total of 16 blocks in the deepwater Gulf of Mexico.
The associated prospects are situated within two promising areas of the Gulf of Mexico (GoM) at Wilcox in Central GoM adjacent to the Anchor discovery, and Norphlet in Eastern GoM nearby to the Appomattox discovery.
Total’s participation in the wells at the associated prospects will be between 25% and 40% following the deal.
The first well is situated on the Ballymore prospect in Mississippi Canyon and was drilled in late July.
Total Exploration & Production president Arnaud Breuillac said: “This agreement, together with the recently announced participation in the Jack field as part of the Maersk Oil acquisition, increases Total’s footprint in the USA GoM where it can apply its exploration expertise and deepwater technologies.
“Total values Chevron’s performance as a GoM deepwater company and this agreement expands a successful co-ownership already in place on the Tahiti field.
“As a continued effort to high-grade its portfolio, Total won six offshore exploration licenses in the August Lease Sale.”
Total's participating interest in the GoM includes 17% in the Chevron-operated Tahiti field, 33.33% in the Petrobras-operated Chinook and 40% stake in the Cobalt International-operated North Platte.
It has also become a 25% partner in the Chevron operated Jack field following the acquisition of Maersk Oil company.
Additionally, Total participates in more than 160 exploration leases in the region.