Qatar Petroleum has agreed to acquire interests in two exploration blocks offshore Guyana from Total SA.
QP will acquire 40% of Total’s 25% participating interest in the Orinduik block. The block lies 120 km offshore and covers 1,800 sq km in 70-1,400 m of water. Partners are operator Tullow Oil Ltd. with 60% and EcoAtlantic with 15%.
QP also will acquire 40% of Total’s 25% participating interest in neighboring Kanuku block. The block lies 100 km offshore and covers 5,200 sq km in 70-800 m of water. Partners are operator Repsol with 37.5% and Tullow Oil with 37.5%.
Three exploration wells are planned on the blocks this year. The Jethro well is currently being drilled on the Orinduik block (OGJ Online, Feb. 4, 2019). Another is planned. One well is planned on the Kanuku block (OGJ Online, Feb. 5, 2018).
The deal is subject to approval by the government of Guyana.
