Westlawn Americas Offshore (“WAO”), a portfolio company of the Westlawn Group (“Westlawn”), announces 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 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.

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.

“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.”

Ryan Evans, Managing Director at Westlawn, added, “WAO is expanding its global exploration and production portfolio with a new entry into a promising frontier play, partnering with industry leaders Oxy and Chevron. This collaboration highlights WAO’s strong technical expertise, and we are pleased to support their continued growth.”

Norton Rose Fulbright LLP and Rodrigo, Elías & Medrano Abogados served as legal counsel to WAO in connection with this transaction.

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