Total negotiates shares in two blocks offshore Guyana
Total has signed agreements to take interests in exploration licenses covering the Canje and Kanuku blocks offshore Guyana.
PARIS – Total has signed agreements to take interests in exploration licenses covering the Canje and Kanuku blocks offshore Guyana.
Last September the company also entered into an option agreement for the nearbyOrinduik offshore block.
Total will acquire a 35% stake in Canje, in water depths of 1,700-3,000 m (5,577-9,842 ft), under an agreement signed with an affiliate of Canadian company JHI Associates and Guyana-based Mid-Atlantic Oil & Gas.
These two companies will retain a shared 30% interest alongside operatorExxonMobil (35%).
Total will also farm into 25% of Kanuku, in water depths of 70-100 m (229-328 ft), under the terms of an agreement with operator Repsol (37.5%) – Tullow Oil (37.5%) is the other partner.
Orinduik is in similar water depths to Kanuku – the other partners are Eco Atlantic Oil & Gas and operator Tullow.