On 24 January 2018, TOTAL E&P USA INC. announced that it has reached an agreement to acquire the equity position held by Samson Offshore LLC at the Anchor project in the deepwater Central Gulf of Mexico. Total will obtain the 12.5% non-operating working interest in four blocks currently owned by Samson affiliate Samson Offshore Anchor LLC over the Chevron-operated Anchor discovery, a subsalt Wilcox oil find made in December 2014. Samsonâs leasehold occurs in Green Canyon blocks 806 (G31751), 807 (G31752), 850 (G31757), and 851 (G31758). Total previously owned a participating interest in the subject leases ranging from 8% to 40% but sold it, effective 1 January 2014. TOTALâs press statement said the deal also includes Samsonâs 12.5% stake in Green Canyon block 761 (G35684), a tract where TOTAL already owns a 25% working interest. This latter block is found immediately northwest of the Anchor unit. When the deal is finalized, TOTAL will join the Anchor partnership consisting of Chevron U.S.A. Inc. (55%), Cobalt International Energy LP (20%) and Venari Offshore LLC (12.5%). âThe entry in the Anchor discovery further increases Totalâs 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% interest as part of the Maersk Oil dealâ, stated Arnaud Breuillac, President Exploration & Production at Total. Anchor lies in some 6,000 feet (1,828 m) of water in the southwest quadrant of the Green Canyon (GC) protraction area, roughly 150 miles (240 km) southwest of the coastal support base at Port Fourchon, Louisiana. In April 2014, the Bureau of Ocean Energy Management approved the Green Canyon block 807 âAnchorâ Unit (Contract No. 754314005). This initial unit formed a four-block square, consisting of GC blocks 762 (G25198), 763 W/2 (G25199), 806 (G31751), and 807 (G31752). The former two unit leases expired in 2014 and are now held by unit operations. On 12 July 2017, Cobalt announced that the company had reached an agreement with its partners to include two Cobalt-owned (100%) blocks, Green Canyon blocks 850 and 851, to the existing four-block Anchor unit. Upon government approval of the transfer of interests in the two leases, Cobalt said it would retain a 20% working interest in the revised six-block Anchor unit. All the blocks associated with TOTALâs acquisition and the Anchor unit are standard 5,760-acre (23.31 sq km) deepwater tracts.
TOTAL E&P USA INC. announced that it has reached an agreement to acquire the equity position (12.5% non-operating working interest) held by Samson Offshore LLC at the Anchor project (Green Canyon blocks 806 (G31751), 807 (G31752), 850 (G31757), and 851 (G31758). TOTALâs press statement said the deal also includes Samsonâs 12.5% stake in Green Canyon block 761 (G35684), a tract where TOTAL already owns a 25% working interest.