Nippon Oil & Mitsubishi Take Stake in K2 Field

Nippon Oil and Mitsubishi have jointly acquired a 23.2% working interest (11.6% each) in the K2 Unit located in the deepwater outer continental shelf of the U.S. Gulf of Mexico. The interest was acquired by NOEX USA and MCX from Anadarko Petroleum Corporation through a joint bidding proposal.

Anadarko will remain the operator of the K2 unit, with a 41.8% working interest. Other partners are ENI Petroleum US LLC, ConocoPhillips Company , Union Oil of California, NOEX USA and MCX.

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