Total SA will acquire two exploration licenses covering more than 12,000 sq km offshore Guyana.
It agreed to acquire a 35% working interest in the Canje Block from an affiliate of JHI Associates Inc., Toronto, and Mid-Atlantic Oil & Gas Inc. of Guyana. The block, operated by ExxonMobil Corp. with a 35% interest, is in 1,700-3,000 m of water.
JHI and Mid-Atlantic will retain a shared 30% interest.
Total also agreed to acquire a 25% working interest in the Kanuku Block from operator Repsol, which will retain a 37.5% interest. Tullow Oil Ltd. holds a 37.5% interest in the block, which has water depths of 70-100 m.
Total in September 2017 acquired an option to purchase a 25% working interest in the Orinduik Block from an affiliate of Eco (Atlantic) Oil & Gas Ltd., Toronto, which would retain a 15% interest. Tullow, with 60%, operates the block, which is in 70-100 m of water.
