TotalEnergies has acquired a 25% working curiosity in a portfolio of 40 exploration leases offshore U.S. from Chevron (operator).
The 40 Outer Continental Shelf (OCS) federal leases, spanning roughly 1,000 km2 and positioned 175 to 330 km from shore, embrace 13 blocks positioned within the Walker Ridge space, 9 blocks within the Mississippi Canyon space and 18 blocks within the East Breaks space.
The transaction gives entry to a number of offshore exploration performs and prospects, strengthening the profitable U.S. offshore collaboration with Chevron past the prevailing partnerships in Ballymore (40% TotalEnergies) which achieved first manufacturing this yr, Anchor (37.14%) the place manufacturing started-up final yr, and the Jack (25%) and Tahiti (17%) producing belongings.
“This transaction is according to our constant technique of filling our Exploration portfolio with low price and low emissions choices, and can considerably increase TotalEnergies’ offshore U.S. exploration acreage, combining a variety of geological performs and prospectivity,” mentioned Kevin McLachlan, Senior Vice-President Exploration.
“Constructing on the momentum of the current Ballymore and Anchor startups, we’re more than happy to increase our profitable partnership with Chevron, and we count on to mature Exploration drill choices on these blocks using superior 3D imaging know-how to unlock massive remaining offshore U.S. manufacturing potential.”
