In mid-July 2020, Ecopetrol America acquired 10-25% equity in 14 Mississippi Canyon blocks, wherein Chevron USA previously had held 100% WI. Ecopetrol has acquired 10% in MC 34, MC 35, MC 247, MC 248 and MC 291, as well as 25% in MC 241, MC 285, MC 329, MC 455, MC 456, MC 740, MC 786, MC 787 and MC 875. The transaction is effective as of 1 January 2020. Following completion of the transaction, equity in MC 34, MC 35, MC 247, MC 248 and MC 291is now shared between Chevron USA (90% WI + Op) and Ecopetrol America (10%). Equity in MC 241, MC 285, MC 329, MC 455, MC 456, MC 740, MC 786, MC 787 and MC 875 is now shared between Chevron USA (75% WI + Op) and Ecopetrol (25%).
(GOM b.) Ecopetrol America acquired 10-25% equity in 14 Mississippi Canyon blocks, from Chevron USA. Following completion of the transaction, equity in MC 34, MC 35, MC 247, MC 248 and MC 291 is now shared between Chevron USA (90% WI + Op) and Ecopetrol America (10%). Equity in MC 241, MC 285, MC 329, MC 455, MC 456, MC 740, MC 786, MC 787 and MC 875 is now shared between Chevron USA (75% WI + Op) and Ecopetrol (25%).