BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 16.Jun.2025, Words: 238) — TotalEnergies acquired a 25% working interest in a portfolio of exploration leases offshore US from Chevron (operator).
Financial details were not revealed.
The 40 Outer Continental Shelf (OCS) federal leases, spanning approximately 1,000 km2 and located 175km-330km from shore, include 13 blocks located in the Walker Ridge area, 9 blocks in the Mississippi Canyon area and 18 blocks in the East Breaks area.
“This transaction is in line with our consistent strategy of filling our exploration portfolio with low cost and low emissions options, and will significantly expand TotalEnergies’ offshore US exploration acreage, combining a wide range of geological plays and prospectivity,” TotalEneriges senior vice president exploration Kevin McLachlan said on 16 Jun. 2025 in an official company statement.
The transaction provides access to multiple offshore exploration plays and prospects, strengthening the successful US offshore collaboration with Chevron beyond the existing partnerships in Ballymore (40% TotalEnergies) which achieved first production this year, Anchor (37.14%) where production started-up last year, and the Jack (25%) and Tahiti (17%) producing assets, according to TotalEnergies.
“Building on the momentum of the recent Ballymore and Anchor startups, we are very pleased to expand our successful partnership with Chevron, and we expect to mature exploration drill decisions on these blocks utilizing advanced 3D imaging technology to unlock large remaining US offshore production potential,” McLachlan said.
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By Steve Stewart reporting from Baton Rouge. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
