TotalEnergies acquires 25% interest in 26 US offshore leases

TotalEnergies has acquired a 25% working interest in 26 offshore exploration leases operated by Chevron in the US.

The transaction also sees Chevron assume a 75% operated interest in two exploration leases held by the French company that are adjacent to existing jointly held blocks.

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

The 26 leases lie 150 to 250km from shore and consist of 24 blocks in the Green Canyon area and two blocks in Walker Ridge, both established sites for offshore oil and gas activity.

This story was originally published by Offshore Technology. Read the full story at Offshore Technology →