Marubeni Corporation has completed the sale of its Big Foot oil and gas interests owned in the U.S. Gulf of America through one of its wholly owned subsidiaries. 

Big Foot is located approximately 360 km south of New Orleans, Louisiana, at a water depth of approximately 1,600 meters. Operated by Chevron Corporation, the asset has maintained stable operations since the commencement of production in 2018. Marubeni has been involved with the asset since the development stage and, together with its partners, has carried out project planning and offshore platform construction, thus contributing to the launch and stable operations of this asset.

Marubeni has established a strategy to develop the natural gas value chain, primarily in North America. By expanding its natural gas-based assets, a key industry in energy transition, Marubeni is strengthening its business foundation across the value chain, from upstream to downstream. The sale of Big Foot has been implemented as part of this initiative. Marubeni will continue to strengthen its business portfolio through asset replacement and build its natural gas value chain, aiming to further enhance its corporate value. 

KeyFacts Energy: Acquisitions & Mergers news