By OGJ editors
HOUSTON, Oct. 27 -- Kerr-McGee Oil & Gas Corp., through its Trinidad and Tobago affiliates, acquired a 25% interest in the southern part of Block 2(c) Retained Exploration Area (REA) and a 30% interest in Block 3(a) off Trinidad and Tobago.
Block 2(c) REA and Block 3(a) are contiguous with Block 3(b) and adjacent to Angostura oil field in 150-300 ft of water, which began production earlier this year (OGJ Online, Jan. 13, 2005). BHP Billiton Ltd. operates both blocks.
Partners in Block 2(c) REA are BHP Billiton with 39% interest and Talisman Energy Inc. with 36% interest. Partners in Block 3(a) are BHP Billiton with 30%, Talisman with 30%, and Total SA with 10%.
The acquisition is subject to the approval of the Ministry of Energy and Energy Industries.
Dave Hager, Kerr-McGee chief operating officer, said the acquisition involves a multiparty trade in which it reduced its interest in Block 3(b). With the addition of the blocks, Kerr-McGee of Oklahoma City holds interests in more than 340,000 gross acres off Trinidad and Tobago.
