Total joins with Chevron in Gulf of Mexico exploration

Total SA (TOT) said that its subsidiary, Total E&P USA Inc (Total), has entered into an agreement to capture 7 prospects operated by Chevron USA Inc (Chevron) in the deepwater Gulf of Mexico (GoM). The agreement covers 16 blocks.

The associated prospects are located in two promising plays and areas of the GoM: Wilcox in Central GoM next to the Anchor discovery, and Norphlet in Eastern GoM nearby to the Appomattox discovery.

Total’s participation in these wells will be between 25 percent and 40 percent. The first of these wells was spudded late July on the Ballymore prospect in Mississippi Canyon.

“This agreement, together with the recently announced participation in the Jack field as part of the Maersk Oil acquisition, increases Total’s footprint in the US GoM where it can apply its exploration expertise and deepwater technologies,” said Arnaud Breuillac, president exploration & production.

“Total values Chevron’s performance as a GoM deepwater company and this agreement expands a successful co-ownership already in place on the Tahiti field,” added Arnaud Breuillac.