Chevron ($280bn market cap) and Occidental Petroleum ($50bn mkt cap) had a bidding war for takeover of Anadarko Petroleum in 2019.
Oxy won with an approx $60 billion deal.
Oxy subsequently inherited Anadarko Peru which holds Z-61, Z-62 and Z-63 permits in offshore Peru.
Seismic continues as we speak.
And in a strange twist, I believe Chevron are trying to farm into the permits by paying for drilling.
TotalEnergies better hurry up and secure the Condor ground they surround by way of JV, or Chevron or another supermajor will.
Chevron ($280bn market cap) and Occidental Petroleum ($50bn mkt...
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