Press

USA: Total Further Increases Its Footprint In The Gulf Of Mexico And Becomes Operator Of The North Platte Discovery


Paris – Total has acquired several assets located in the Gulf of Mexico as part of the Cobalt International Energy company's bankruptcy auction sale. Total submitted offers on several assets for a consideration of approximately 300 million dollars and acquires from Cobalt: 
 
 
On April 5, 2018, the United States Bankruptcy Court approved these results.
 
The sale of Cobalt's assets gives us the opportunity to further enhance our portfolio in the Gulf of Mexico under particularly attractive conditions and to be able to apply our expertise as a deep offshore operator. We will now develop the North Platte discovery, looking for the most efficient scheme in terms of development cost”, stated Arnaud Breuillac, President Exploration & Production at Total.
 
Discovered in 2012 by Total and Cobalt in the Wilcox play, North Platte covers four blocks of the Garden Banks area, 275 kilometers off the coast of Louisiana in approximately 1,300 meters of water. The field is now fully appraised with a total of three wells and three sidetracks. 
 
Discovered in 2014, Anchor is also located in the Wilcox play, 225 kilometers off the coast of Louisiana in approximately 1,500 meters of water. It is one of the most significant recent discoveries in the GoM. Anchor is operated by Chevron (55%) alongside Total (32.5%), and Venari (12.5%).
 
 
Total Exploration & Production in the United States
Total has been active in Exploration & Production in the United States since 1957. In 2017, the Group's production in the country was 123,000 barrels of oil equivalent per day.
 
In the Gulf of Mexico, Total focuses on the deep-water domain. In addition to North Platte and Anchor, the Group holds working interests in three producing fields, Jack with 25% and Tahiti with 17%, both operated by Chevron, and Chinook with 33.33%, operated by Petrobras. Last January, it also announced the major Ballymore discovery (Total 40%, Chevron 60% operator), located in the Norphlet play, following an exploration agreement signed with Chevron on September 2017. Total also holds participations in over 160 exploration leases.
 
Onshore, Total operates about 100,000 barrels of oil equivalent per day (shale gas production) in the Barnett play (Total 100%, operator) and is a 25% participant in a JV operated by Chesapeake in the Utica shale play.


Visit source site

https://total.com/en/media/news/press-releases/usa...

United StatesUSTotalGOMGulf Of MexicoNorth PlatteDiscoveryCobalt International Energy

More items from oilvoice


Over $180bn Will be Spent on 88 Upcoming Oil and Gas Fields in Africa to 2025, Says GlobalData

Over $180bn will be spent on 88 upcoming oil and gas fields between 2018 and 2025. Capital expenditure (capex) into Africa's conventional oil, heavy oil and unconventional oil projects will add up to $88bn, $2bn and $3bn respectively over the eight-year period, according to GlobalData , a leadin ...

OilVoice Press - OilVoice


Posted 2 hours agoOpinion > GlobalDataOilgas +4

Coal Power Generation Declines in United Kingdom as Natural Gas, Renewables Grow

Source: U.S. Energy Information Administration, based on Digest of U.K. Energy Statistics and National Statistics: Energy Trends Note: 2017 values are estimates based on data through September. In the United Kingdom, electricity produced from coal declined from 42% of total electricity gener ...

OilVoice Press - OilVoice


Posted 3 hours agoOpinion > CoalPowerUnited Kingdom +6

Shell to Sell its Downstream Business in Argentina to Raízen

Shell has signed an agreement to sell its Downstream business in Argentina to Raízen for US$0.95 billion in cash proceeds at completion, subject to customary closing conditions. The sale includes the Buenos Aires Refinery, around 645 retail stations, liquefied petroleum gas, marine fuels, aviation ...

OilVoice Press - OilVoice


Posted 5 hours agoPress > ArgentinaDivestDivestment +5

Statement by the South Sudan Minister of Petroleum on OPEC/non-OPEC Collaboration

Prosperity through Unity A statement encouraging the continued collaboration between OPEC and non-OPEC nations by Hon. Amb. Ezekiel Lol Gatkuoth, Minister of Petroleum of the Republic of South Sudan . Juba, 24 April 2017 -- The stability of markets and global oil prices, and therefore the pr ...

OilVoice Press - OilVoice


Posted 5 hours agoPress > OPECNon-OPECSouth Sudan +4

Serica Energy: Erskine Field Update

London, 24 April 2018 – Serica Energy plc (AIM: SQZ), an independent oil and gas company with production, development and exploration licence interests in the UK North Sea and exploration interests in Ireland and Namibia, hereby provides the following update on the interruption to production at ...

OilVoice Press - OilVoice


Posted 5 hours agoPress > Serica EnergyAIMErskine Field +3
All posts from oilvoice