The company's interest has been sold to the existing partners in the Block 5 exploration licence, subsidiaries of Murphy Oil Corporation, Wintershall Dea and Petronas.
An Ampelmann A-type system has been mobilised on the Harvey Blue Sea vessel, owned by Harvey Gulf, and will operate for 120 days.
The agreement covers Keathley Canyon blocks 642, 643, 686, and 687 and provides for the drilling of a delineation well at Repsol’s Leon discovery.
This latest transaction is the fourth deal completed by Ashtead Technology since the business was acquired by Buckthorn Partners and APICORP in April 2016.
Evaluation of the discovery at the Blacktip prospect is ongoing, and appraisal planning is underway.
The company’s subsidiary has entered into a definitive agreement to acquire deepwater Gulf of Mexico assets from LLOG.
The company has announced that it has signed an agreement to acquire 22.45% interest in the Caesar Tonga oilfield from Shell Offshore Inc.
The company has entered into a joint venture with Talos Energy which will see it earn a 16.67% working interest in the Green Canyon 21 lease in the Gulf Mexico.