Business
WESTLAWN AMERICAS OFFSHORE ANNOUNCES NEW COUNTRY ENTRY WITH ACQUISITION OF WORKING INTEREST IN Z-61, Z-62, AND Z-63 BLOCKS OFFSHORE PERU
Westlawn Americas Offshore LLC ("WAO"), a portfolio company of the Westlawn Group ("Westlawn"), is pleased to announce the completion of a transaction in which it has acquired a 30% non-operated working interest in the Z-61, Z-62, and Z-63 blocks offshore Peru (the "Transaction"). The working interest was acquired pursuant to the Farmout Agreement signed previously between WAO's affiliate Westlawn Peru S.A.C. ("WAO Peru"), and Anadarko Peru Limited, a subsidiary of Occidental Petroleum Corporati
About this update from Chevron Corporation
[{"type":"text","content":"HOUSTON, Sept. 17, 2025 /PRNewswire/ -- Westlawn Americas Offshore LLC ("WAO"), a portfolio company of the Westlawn Group ("Westlawn"), is pleased to announce the completion of a transaction in which it has acquired a 30% non-operated working interest in the Z-61, Z-62, and Z-63 blocks offshore Peru (the "Transaction"). The working interest was acquired pursuant to the Farmout Agreement signed previously between WAO's affiliate Westlawn Peru S.A.C. ("WAO Peru"), and Anadarko Peru Limited, a subsidiary of Occidental Petroleum Corporation ("Oxy"). The acquired working interest will provide WAO access to multiple potentially high-impact exploration prospects already identified as well as additional future exploration opportunities across the three blocks.","length":821,"tagName":"p"},{"type":"image","alt":"Westlawn Group (PRNewsfoto/Westlawn Group)","displaySize":"","headline":null,"caption":"Westlawn Group (PRNewsfoto/Westlawn Group)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":66,"url":"https://media.zenfs.com/en/prnewswire.com/580fb3750ec28de82ed69c5e546207c8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zduCdf3vxIL98py30WQtAQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTExNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/580fb3750ec28de82ed69c5e546207c8","width":400,"height":66}},"href":"https://mma.prnewswire.com/media/2103190/Westlawn_Full_Color_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Oxy will remain the operator of the three blocks, holding a 35% working interest. Chevron Peru Exploration Limited Sucursal Peruana, a subsidiary of Chevron Corporation ("Chevron"), acquired the remaining 35% working interest in the blocks.","length":250,"tagName":"p"},{"type":"text","content":""We are both pleased and excited to be partnering with Oxy and Chevron in this frontier exploration play offshore Peru. We believe the region has the potential to deliver material hydrocarbon resources across our jointly held blocks," said Greg Hebertson and George Easterly, Co-Heads at WAO. "We look forward to working closely with our partners and government stakeholders to realize the full value of this potentially transformative asset."","length":463,"tagName":"p"},{"type":"text","conten...