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Total to strengthen Gulf of Mexico presence with Samson deal

 

 

 

By Reuters

PARIS
Petroleumworld 01 25 2018

French oil and gas company Total has agreed to buy Samson Offshore Anchor LLC, in a deal which Total said would strengthen its presence in the Gulf of Mexico region.

Samson Offshore Anchor LLC 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.

Total said 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.

“The entry in the Anchor discovery further increases Total's footprint in deepwater Gulf of Mexico,” said Arnaud Breuillac, President Exploration & Production at Total, in a statement.

The Anchor site is operated by Chevron, which has a 55 percent stake, and Cobalt and Venari which have respective stakes of 20 percent and 12.5 percent.



Reporting by Sudip Kar-Gupta; Editing by Bate Felix from Reuters.

reuters.com 01 24 2018

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