April 11, 2018 / 6:18 AM / a year ago

Oil major Total buys several assets located in Gulf of Mexico

PARIS, April 11 (Reuters) - French oil major Total said it had bought several assets in the Gulf of Mexico for around $300 million, as part of the Cobalt International Energy company’s bankruptcy auction sale.

Total said it was buying a 20 percent stake in the North Platte asset. Following this move, Total will have a 60 percent overall stake in North Platte, with Statoil holding the remaining 40 percent.

Total also bought a further 20 percent stake in the Anchor discovery, increasing its overall holding in that asset - which is operated by Chevron - to 32.5 percent.

The French group also said it was buying 13 offshore exploration blocks in the Gulf of Mexico region. (Reporting by Sudip Kar-Gupta; Editing by Susan Fenton)

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