- Westlawn Americas Offshore LLC has acquired a 30% non-operated working interest in the Z-61, Z-62, and Z-63 blocks offshore Peru. - The acquisition was made through a Farmout Agreement with Anadarko Peru Limited, a subsidiary of Occidental Petroleum Corporation. - The working interest gives Westlawn access to identified high-impact exploration prospects and future opportunities in the blocks. - Occidental Petroleum will operate the three blocks with a 35% working interest, while Chevron holds the remaining 35%. - WAO's Co-Heads expressed excitement about the partnership with Oxy and Chevron, emphasizing the hydrocarbon potential in the region. - Ryan Evans noted that the entry into this frontier play highlights WAO's expanding global portfolio and technical expertise. - Norton Rose Fulbright LLP and Rodrigo, Elías & Medrano Abogados served as legal counsel for the transaction. - Westlawn Americas Offshore focuses on acquiring, exploring, and developing deepwater oil and gas assets, mainly in the Americas. - The company has grown its net production to nearly 20,000 barrels of oil equivalent per day since 2023 and has a seasoned management team. - Westlawn Group is a private investment firm that invests in global oil and gas sector opportunities, including upstream assets and production improvement technologies.

WESTLAWN AMERICAS OFFSHORE ANNOUNCES NEW COUNTRY ENTRY WITH ACQUISITION OF WORKING INTEREST IN Z-61, Z-62, AND Z-63 BLOCKS OFFSHORE PERU

News provided by Westlawn Group

Sep 17, 2025, 17:55 ET

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.

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.

ABOUT WESTLAWN AMERICAS OFFSHORE

WAO is a Houston-based company focused on the acquisition, exploration, and development of high-quality deepwater oil and gas assets. WAO targets opportunities in the Americas with a focus on the U.S. Gulf of Mexico, Latin America and the Caribbean. Since 2023, WAO has consummated multiple transactions targeting growth-oriented, deepwater exploration and development assets and has grown net production to nearly 20,000 barrels of oil equivalent per day. The management team is comprised of senior leadership and a veteran technical team with significant deepwater experience and a best-in-class track record of value creation. WAO is committed to delivering the team's unique technical expertise, significant capital and flexible deal structures to build a premier portfolio in partnership with best-in-class operators.

For more information, please visit www.westlawnamericasoffshore.com.

ABOUT WESTLAWN GROUP

Founded in 2021, Westlawn is a Houston-based private investment firm focused on long-term capital deployment across the global oil and gas sector. Westlawn invests in both operated and non-operated upstream assets—ranging from producing properties to development and exploration opportunities—as well as in technologies that improve production and asset performance. Westlawn maintains a broad investment mandate across the U.S. (Lower 48, Gulf of Mexico, and Alaska), Canada, Latin America, the Caribbean, and the Middle East.

For more information, please visit www.westlawn.com.

SOURCE Westlawn Group