In late January 2020, Total E&P USA acquired 4.62% WI from Chevron USA in Green Canyon Block GC 762, situated in the East Texas Coastal Basin. The transaction is effective as of 1 November 2019. GC 762 is sited 4km north from Chevron's Anchor oil and gas field on adjacent block GC 807. In December 2019, Venari Offshore divested its entire 18.75% WI in contiguous blocks GC 762 and GC 763 to operator Chevron USA. Both blocks lie directly adjacent to Chevron's December 2014 Anchor discovery, the company's second Paleogene discovery in 2014, and sited in GC 807 (East Texas Coastal Basin). The final investment decision (FID) to develop the Anchor oilfield was first announced by Total in mid-December 2019. Following completion of the transaction, equity in GC 762 is now shared between Chevron USA (75.38% WI + Op) and Total E&P USA (24.62%).
Total E&P USA acquired 4.62% WI from Chevron USA in Green Canyon Block GC 762, situated in the East Texas Coastal Basin. 