Qatar Petroleum farming into two blocks offshore Guyana
Under the agreement, which is subject to customary regulatory approvals by the government of Guyana, Qatar Petroleum will acquire 40% of Total’s existing 25% participating interest in the Orinduik block. The other partners in this block are Tullow Oil (operator) with a 60% participating interest and Eco (Atlantic) Oil & Gas with a 15% interest.
In addition, the company will acquire 40% of Total’s existing 25% participating interest in the neighboring Kanuku block. The other partners in this block are Repsol (operator) with a 37.5% participating interest and Tullow Oil with a 37.5% interest.
Three exploration wells are planned in these blocks this year: two on the Orinduik block, including the Jethro-Lobe prospect which is currently being drilled, and one on the Kanuku block.
The 1,800-sq km (695-sq mi) Orinduik block is 120 km (75 mi) offshore Guyana, with water depths ranging from 70 to 1,400 m (230 to 4,593 ft).
The 5,200-sq km (2,008-sq mi) Kanuku block is 100 km (62 mi) offshore Guyana, with water depths ranging from 70 to 800 m (230 to 2,625 ft).