Total Obtains 12 Deepwater Gulf of Mexico Blocks
Total says that its wholly owned subsidiary, Total E&P USA Inc., was the high bidder on 12 deep and ultra-deep water exploration blocks in the Central and Eastern Gulf of Mexico Lease Sale 205.
Total E&P USA Inc. will operate five blocks in the Garden Banks area, three blocks in the Green Canyon and four blocks in Walkridge with a 100% working interest. All twelve leases are around 25 square kilometers each. Award of these blocks is subject to final approval by the Minerals Management Service.
This acquisition follows the acquisition of twenty blocks last year in the same areas of the Gulf of Mexico. It is in accordance with the company’s strategy to strengthen its portfolio in the Gulf of Mexico on focusing exploration efforts on prospects with high long-term potential.
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