TotalEnergies and its partners QatarEnergy and Petronas have signed a production sharing contract for Block S4 with Guyana’s Ministry of National Resources, following the block’s 2023 award in the Guyana 2022 Licensing Round.
TotalEnergies will be the operator of the project in addition to holding a 40 % stake in it. Its partners are Qatar Energy and Petronas, with stakes of 35% and 25% respectively.
Block S4 is a 1,788 km2 block located about 50-100 km from shore. The project will commence by conducting a three-dimensional (3D) seismic survey covering an area of 2,000 square kilometres.
TotalEnergies is delighted to bring its expertise as an operator to Guyana, in a shallow-water offshore block within this prolific basin, and to further strengthen its global strategic partnerships with QatarEnergy and Petronas. This block fits our strategy of exploring for material, low-cost, and low-emission resources
, said Nicola Mavilla, Senior Vice President Exploration of TotalEnergies.
TotalEnergies is a global integrated energy company that produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity.
