Total acquires interests offshore Guyana

Total SA will acquire two exploration licences covering more than 12,000 square kilometres 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 Corporation with a 35% interest, is in 1,700-3,000 metres 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 metres.

In September 2017 Total 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 metres of water.