Total Strengthens GoM Presence with Samson Deal
French oil and gas company Total has agreed to buy Samson Offshore Anchor LLC, in a deal which Total said would strengthen its presence in the Gulf of Mexico region.
Samson Offshore Anchor LLC holds a 12.5 percent interest in four blocks covering the Anchor discovery, one of the most significant recent discoveries in the Gulf of Mexico (GoM), USA.
Total said the deal also includes a 12.5 percent interest in the nearby exploration block Green Canyon 761, where Total already has a 25 percent interest.
"The entry in the Anchor discovery further increases Total’s footprint in deepwater Gulf of Mexico," said Arnaud Breuillac, President Exploration & Production at Total, in a statement.
The Anchor site is operated by Chevron (CVX), which has a 55 percent stake, and Cobalt and Venari which have respective stakes of 20 percent and 12.5 percent.
Reporting by Sudip Kar-Gupta
