Baku: Total Energies is buying a 25% share in several offshore oil and gas exploration areas in the United States operated by Chevron, expanding its footprint in U.S. waters, APA reports, citing Investing.com.

According to Azeri-Press News Agency, the French oil major announced Monday that the deal builds on existing partnerships between the two companies in projects including Ballymore, Anchor, Jack, and Tahiti. This new acquisition will provide Total Energies access to multiple potential sites for future discoveries.

Total Energies’ senior vice-president of exploration stated, “This transaction is in line with our consistent strategy of filling our exploration portfolio with low cost and low emissions options, and will significantly expand Total Energies’ Offshore U.S. exploration acreage.”

The transaction encompasses 40 federal leases in the U.S. outer continental shelf, covering an area of approximately 1,000 square kilometers. The acquisition includes 13 blocks in the Walker Ridge area, 9 blocks in the Mississippi Canyon area, and 18 blocks in the East Breaks area.