TotalEnergies to Acquire a Stake in Chevron’s Offshore Asset Portfolio in the U.S.
French energy company TotalEnergies is acquiring a 25% working interest in Chevron’s U.S. offshore exploration asset portfolio, according to the company’s statement.
“TotalEnergies announces the acquisition of a 25% working interest in a portfolio of exploration blocks on the U.S. offshore shelf from Chevron (the operator),” the release states.
The deal involves 40 federal blocks on the Outer Continental Shelf (OCS), covering approximately 1,000 square kilometers and located 175 to 330 kilometers offshore, the statement specifies.
TotalEnergies has been operating in the United States since 1957 and has invested approximately $11 billion in the country since 2022.
TotalEnergies SE is one of the world’s largest energy companies, operating in nearly 120 countries. It produces oil and gas across Europe, the Middle East and North Africa, the Asia-Pacific region, and North and South America. The company employs over 100,000 people.
