The company will be responsible for the supply of subsea tree systems for the Dover offshore field development.
The idea was initially floated five years ago after ONGC acquired HPCL from the government.
The M&M contract for the Norwegian field will be valid until February 2026.
The acquisition immediately adds 2,000boed to Kistos’ portfolio.
The company’s share of the contract is worth more than $750m.
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The acquisition will enhance Chevron’s presence in the US.
The acquisition will consolidate Chord Energy’s Williston Basin acreage.
The company acquired Wolfbone’s remaining 22.62% working interest in the Orogrande project.
The five-year contract includes a pair of two-year extension options.
The analysis indicated a high-quality gas composition, containing less than 1% CO2.