Sandvik wins 100 mln euros contracts for Egypt offshore projects

Total buys Samson assets to strengthen Gulf of Mexico presence

Jan 24, 2018
2 min read
Print this page

French oil giant Total has signed an agreement to acquire Samson Offshore Anchor, which holds part interest in four blocks covering the Anchor discovery in the US Gulf of Mexico (GoM).

Samson Offshore Anchor holds a 12.5 per cent interest in four blocks covering the Anchor discovery, one of the most significant recent discoveries in the GoM.

Discovered in the Wilcox play in 2014, Anchor is located approximately 225 km off the coast of Louisiana in more than 1,500 meters of water. Additional prospective resources have been identified in the Anchor vicinity, strengthening the potential of the asset.

Total added in a press statement that the deal also includes a 12.5 per cent interest in the nearby exploration block Green Canyon 761, where Total already has a 25 per cent interest.

“The entry in the Anchor discovery further increases Total’s footprint in deepwater Gulf of Mexico. It follows our entry in seven exploration prospects located in the promising Wilcox(Central GoM) and Norphlet (Eastern GoM) plays thanks to an agreement signed with Chevron last September, and in the Jack field where the Group will acquire a 25 per cent interest as part of the Maersk Oil deal”, stated Arnaud Breuillac, president Exploration & Production at Total.

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