Total acquires interests offshore Guyana

Total 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 and Mid-Atlantic Oil & Gas of Guyana. The block, operated by ExxonMobil with a 35% interest, is in 1,700-3,000 m of water.

Content Dam Ogj Online Articles 2018 02 180205 Total Guyana Map Final

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.

Content Dam Ogj Online Articles 2018 02 180205 Total Guyana Map Final

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