Offshore staff

HOUSTON --Nippon Oil Exploration USA Ltd. (subsidiary of Nippon Oil Exploration Ltd.), and MCX Gulf of Mexico Llc (subsidiary of Mitsubishi Corp.), jointly acquired a 23.2% working interest (11.6% each) in the K2 Unit in the Gulf of Mexico from Anadarko Petroleum Corp.

Anadarko will remain operator of the unit, with a 41.8% working interest. Other partners are ENI Petroleum, ConocoPhillips, and Chevron.

The K2 Unit, in 1,300 m (4,265 ft) water depth, is producing about 40,000 boe/d; 9,300 boe/d is to be allocated to Nippon and MCX.

Nippon Oil Group and Mitsubishi Corp. Group have focused jointly on the US GoM, and are committed to expanding in the region, the companies say.

5/25/2007