Offshore staff
DOHA, Qatar – Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana.
Under the agreement, which is subject to customary regulatory approvals by the government of Guyana, Qatar Petroleum will acquire 40% of Total’s existing 25% participating interest in the Orinduik block. The other partners in this block are Tullow Oil (operator) with a 60% participating interest and Eco (Atlantic) Oil & Gas with a 15% interest.
In addition, the company will acquire 40% of Total’s existing 25% participating interest in the neighboring Kanuku block. The other partners in this block are Repsol (operator) with a 37.5% participating interest and Tullow Oil with a 37.5% interest.
Three exploration wells are planned in these blocks this year: two on the Orinduik block, including the Jethro-Lobe prospect which is currently being drilled, and one on the Kanuku block.
The 1,800-sq km (695-sq mi) Orinduik block is 120 km (75 mi) offshore Guyana, with water depths ranging from 70 to 1,400 m (230 to 4,593 ft).
The 5,200-sq km (2,008-sq mi) Kanuku block is 100 km (62 mi) offshore Guyana, with water depths ranging from 70 to 800 m (230 to 2,625 ft).
07/29/2019
