Total acquire Samson Offshore; strengthens Gulf Mexico position

Total to acquire Samson Offshore; strengthens Gulf of Mexico position

9:01 AM, 24th January 2018
Total logo

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. 

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

India among 5 worst nations in curbing environmental pollution: EPI

DAVOS, SWITZERLAND: A new green index has ranked India the fourth worst country worldwide in curbing environmental pollution. According to the latest ...

Read more
IFF breaks ground on new flavours & fragrances site in India

SRI CITY, INDIA: International Flavors & Fragrances Inc (IFF) has broken ground on a new flavours and fragrances plant located in Sri City, Andhra ...

Read more
Mexichem gets Brazilian Antitrust approval for acquiring Netafim

TLALNEPANTLA DE BAZ, MEXICO: Mexichem SAB de CV (Mexchem) has received the approval of the antitrust authority in Brazil CADE (Administrative Council ...

Read more
Dow launches fully recyclable polyethylene packaging solution in India

MUMBAI, INDIA: Packaging and Speciality Plastics, a business unit of The Dow Chemical Company (Dow), has developed an innovative formulation of polyet ...

Read more
Grace licenses Unipol technology to Grupa Azoty in Poland

COLUMBIA, US: W R Grace & Co (GRA) said that it has contracted to license its Unipol PP process technology to PDH Polska SA for a new facilit ...

Read more
Praxair to supply nitrogen to EverDisplay Optronics

DANBURY, US: Praxair Inc (PX) has signed another long-term contract with an electronics manufacturer in Shanghai, China. Praxair will build, own and o ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X