French Guiana

France’s Total has acquired a 25% interest in the Guyane Maritime Permit off French Guiana from Hardman Petroleum France SAS, an affiliate of Tullow Oil Plc.

Dec. 8, 2009

By OGJ editors
HOUSTON, Dec. 8 – France’s Total has acquired a 25% interest in the Guyane Maritime Permit off French Guiana from Hardman Petroleum France SAS, an affiliate of Tullow Oil Plc.

A 3D seismic survey is under way on as much as 3,000 sq km of the permit, which covers 32,000 sq km 150 km off French Guiana in 2,000-3,000 m of water. The interest purchase is subject to approval by French authorities.

Hardman Petroleum France operates the permit with 39.5% interest. Other partners are Shell Exploration and Production France SAS 33% and Northpet Investments Ltd. 2.5%.