Mitsui to acquire interests in four deepwater gulf blocks

Mitsui & Co. Ltd., Tokyo, has agreed to acquire a 20% interest in four Mississippi Canyon blocks in the Gulf of Mexico from Shell Offshore Inc.

The blocks—MC-767, MC-768, MC-811, and MC-812—lie in 1,300 m of water off Louisiana. They encompass 93 sq km.

Recoverable resources are estimated at more than 100 million boe.