Chevron Joins Kosmos In Offshore Suriname Exploration

Law360, New York (June 20, 2012, 5:35 PM ET) -- Chevron Corp. has gained a foothold in the nascent South American offshore oil and gas sector with a deal for a 50 percent working interest in two blocks that Texas-based Kosmos Energy Ltd. is exploring off Suriname, the companies announced Wednesday.

The move gives Chevron Global Energy Inc., a unit of California-based Chevron, the operating rights to any commercial discoveries in the blocks, according to parallel statements issued by the companies.

"This agreement enables us to explore for new resources in this frontier basin," Chevron Corp....
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers