Chevron: Cantium buys Chevrons Gulf of Mexico assets

P-E backed oil and gas start-up Cantium says it has acquired Chevron’s Bay Marchand and Main Pass assets in the Gulf of Mexico; financial terms are not disclosed.

Cantium says the deal includes 300 active wells, 151 platforms, caissons and other shallow water structures at five fields, plus the Port Fourchon onshore treatment plant in Louisiana.

More than a year ago, CVX said it was on the fast-track to sell up to $10B of its Gulf of Mexico mature shelf assets in two years.


Leave a Reply

Your email address will not be published. Required fields are marked *

I accept that my given data and my IP address is sent to a server in the USA only for the purpose of spam prevention through the Akismet program.More information on Akismet and GDPR.

This site uses Akismet to reduce spam. Learn how your comment data is processed.