TotalEnergies has acquired a 25% working interest in 40 offshore exploration blocks operated by Chevron in the U.S. Gulf of Mexico, marking a significant expansion of its upstream portfolio in the region.

The newly acquired federal leases, located between 175 and 330 kilometers off the U.S. coast, cover an area of approximately 1,000 square kilometers. The assets span three prolific offshore areas: 13 blocks in Walker Ridge, 9 in Mississippi Canyon, and 18 in East Breaks.

Expanding U.S. Offshore Collaboration

This transaction builds on TotalEnergies’ existing partnerships with Chevron, which include joint interests in producing fields such as Ballymore, Anchor, Jack, and Tahiti. The company plans to leverage advanced 3D imaging technologies to assess and prioritize exploration drilling on the new blocks.

“This acquisition strengthens our strategic collaboration with Chevron and provides us access to high-potential offshore prospects in a region where we have a strong track record,” said a TotalEnergies spokesperson. “It aligns with our goal to maintain a competitive, low-emission exploration portfolio.”

Strengthening U.S. Presence

TotalEnergies has had a presence in the United States since 1957 and has ramped up investment significantly in recent years. Since 2022, the company has invested nearly $11 billion in the U.S., focusing on oil, LNG, and low-carbon electricity initiatives.

Already the leading exporter of U.S. liquefied natural gas (LNG), TotalEnergies is fully integrated across the LNG value chain. Its U.S. operations include upstream gas production in Texas and extensive offshore assets.

Global Energy Strategy

As part of its broader energy transition strategy, TotalEnergies continues to prioritize low-cost, low-emission opportunities. The company, which operates in about 120 countries and employs more than 100,000 people, focuses on a balanced mix of oil, natural gas, renewables, and low-carbon solutions.

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