Qatar Petroleum in agreement with Total for oil exploration offshore Guyana

Three exploration wells are planned in these blocks this year: two on the Orinduik block, including the Jethro well which is currently being drilled, and one on the Kanuku block.

Qatar Petroleum in agreement with Total for oil exploration offshore Guyana

The Government of Qatar has announced that its national oil company, Qatar Petroleum has entered into an agreement with the Total Petroleum company for a share of exploration and production rights in two blocks offshore Guyana.

Under the agreement, which is subject to approval by the Government of Guyana, Qatar Petroleum will hold 40% of Total’s existing 25% participating interest in the Orinduik block. The other partners in this block are Tullow Oil (the Operator) with a 60% participating interest and EcoAtlantic with a 15% interest.

Also under the agreement, Qatar Petroleum will hold 40% of Total’s existing 25% participating interest in the neighboring Kanuku block. The other partners in this block are Repsol (the Operator) with a 37.5% participating interest and Tullow Oil with a 37.5% interest.

Commenting on the agreement, Qatar’s Minister of State for Energy Affairs, Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, Qatar is pleased to expand its global exploration footprint into Guyana together with its valuable, long-term partner, Total, in these offshore blocks in this prospective basin.

He said he hopes that the exploration efforts are successful.

Three exploration wells are planned in these blocks this year: two on the Orinduik block, including the Jethro well which is currently being drilled, and one on the Kanuku block.

The Orinduik block is located 120 km offshore Guyana and has a total area of about 1,800 square kilometers, with water depths ranging from 70 to 1,400 meters.

The Kanuku block is located 100 km offshore Guyana and has a total area of about 5,200 square kilometers, with water depths ranging from 70 to 800 meters.

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