EnergyWatch

Statoil and Total go shopping in the Gulf of Mexico

Norway's Statoil and France's Total have gone on quite a shopping spree in the Gulf of Mexico. The companies are taking over a deepwater field from a US bankruptcy.

Total and Statoil have obtained the rights for Cobalt International Energy's ownership stake in the deepwater field North Platte in the Gulf of Mexico, announce the companies in a press release.

Cobalt, which went bankrupt in December 2017, held a 60 percent stake in North Platte and served as operator on the field. Cobalt also owned several other licenses in the Gulf of Mexico, of which Total has bought several, including an ownership stake of 20 percent in the Anchor field.

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