TotalEnergies Acquires 25% Stake in 26 Chevron-Operated U.S. Offshore Leases
TotalEnergies (TTE) has reached an agreement to acquire a 25% working interest in 26 exploration leases operated by Chevron (CVX) located offshore in the United States. This strategic move expands TotalEnergies' footprint in U.S. offshore energy exploration. As part of the transaction, the companies will also restructure existing interests, with Chevron acquiring a 75% operated interest from TotalEnergies in two specific exploration leases. The deal represents a realignment of assets between the two energy giants to optimize their respective offshore portfolios.
Topics: energy exploration joint ventures offshore drilling
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Part of the story TotalEnergies Acquires 25% Stake in 26 Chevron-Operated U.S. Offshore Leases (3 articles)