TotalEnergies Takes 25% Stake in 26 Chevron-Operated US Offshore Blocks

TotalEnergies has acquired a 25% working interest in 26 Chevron-operated exploration leases offshore the United States, expanding its offshore exploration portfolio and strengthening its partnership with Chevron.

As part of the transaction, Chevron has also acquired a 75% operated interest from TotalEnergies in two exploration leases adjacent to existing jointly held exploration leases.

The 26 leases are located between 150 and 250 kilometers offshore, comprising 24 blocks in the Green Canyon area and two in the Walker Ridge area, targeting well-proven exploration plays.

The transaction builds on TotalEnergies' acquisition of interests in 40 Chevron-operated exploration blocks in June 2025, further expanding the companies' joint exploration portfolio in the United States.

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