Total acquire Samson Offshore; strengthens Gulf Mexico position

Total to acquire Samson Offshore; strengthens Gulf of Mexico position

9:01 AM, 24th January 2018
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PARIS, FRANCE: Total SA has signed an agreement to acquire Samson Offshore Anchor LLC which holds a 12.5 percent 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 percent interest in the nearby exploration block Green Canyon 761, where Total already has a 25 percent interest.

Discovered in the Wilcox play in 2014, Anchor is located approximately 225 kilometres 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 percent) alongside Cobalt (20 percent), and Venari (12.5 percent).

“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 percent interest as part of the Maersk Oil deal,” said Arnaud Breuillac, president exploration & production at Total. 

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