Total Reinforces Its Position In Deepwater Gulf Of Mexico By Entering The Anchor Discovery
January 24 2018 - 2:20AM
Business Wire
Regulatory News:
Total (Paris:FP)(LSE:TTA)(NYSE:TOT) has signed an agreement with
Samson in order to acquire Samson Offshore Anchor, LLC, which holds
a 12.5% interest in four blocks covering the Anchor discovery, one
of the most significant recent discoveries in the Gulf of Mexico
(GoM), USA. The deal also includes a 12.5% interest in the nearby
exploration block Green Canyon 761, where Total already has a 25%
interest.
“The entry in the Anchor discovery further increases Total’s
footprint in deepwater Gulf of Mexico. It follows our entry in
seven exploration prospects located in the promising Wilcox
(Central GoM) and Norphlet (Eastern GoM) plays thanks to an
agreement signed with Chevron last September, and in the Jack field
where the Group will acquire a 25% interest as part of the Maersk
Oil deal”, stated Arnaud Breuillac, President Exploration &
Production at Total.
Discovered in the Wilcox play in 2014, Anchor is located
approximately 225 kilometers off the coast of Louisiana in more
than 1,500 meters of water. Additional prospective resources have
been identified in the Anchor vicinity, strengthening the potential
of the asset.
Anchor is operated by Chevron (55%) alongside Cobalt (20%), and
Venari (12.5%).
Total Exploration & Production in the United
States
Total has been active in Exploration & Production in the
United States since 1957.
In the Gulf of Mexico, Total focuses on the deep water domain
with participations in two producing fields, Tahiti with 17%,
operated by Chevron, and Chinook with 33.33%, operated by
Petrobras, as well as in the discovery of North Platte with 40%,
operated by Cobalt International Energy. As part of the acquisition
of Maersk Oil company, Total will become a 25% partner in the
Chevron operated Jack field. Total also holds participations in
over 160 exploration leases.
Onshore, Total operates about 100,000 barrels of oil equivalent
per day (shale gas production) in the Barnett play and is a 25%
participant in a JV operated by Chesapeake in the Utica shale
play.
About Total
Total is a global integrated energy producer and provider, a
leading international oil and gas company, a major player in
low-carbon energies. Our 98,000 employees are committed to better
energy that is safer, cleaner, more efficient, more innovative and
accessible to as many people as possible. As a responsible
corporate citizen, we focus on ensuring that our operations in more
than 130 countries worldwide consistently deliver economic, social
and environmental benefits.
* * * * *
Cautionary note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. has no liability for their acts or
omissions. In this document, the terms “Total” and “Total Group”
are sometimes used for convenience where general references are
made to TOTAL S.A. and/or its subsidiaries. Likewise, the words
“we”, “us” and “our” may also be used to refer to subsidiaries in
general or to those who work for them.
This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL S.A. nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
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