Total informed that it has signed agreements to acquire interests for two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block. These agreements come after reaching an agreement for the nearby Orinduik Block.
The agreement is now subject to the approval of relevant authorities, with Total potentially owning exploration rights to an area covering over 12,000 square kilometers in the Guyana Basin.
“Total is very pleased with this significant entry in the prolific Guyana Basin. The Canje, Kanuku and Orinduik blocks are located in a very favorable petroleum context, evidenced by the Liza discovery in 2015. Acquiring interests in these highly prospective licenses is in line with the new exploration strategy in place since 2015,” mentioned Arnaud Breuillac, President, Exploration & Production at Total.
Total also has a 35% working interest in the Canje Block, located in water depths of 1,700 to 3,000 meters, according to the agreement signed with an affiliate of Canadian company JHI Associates, Inc. and Guyana-based company Mid-Atlantic Oil & Gas, Inc. These two companies will keep a shared 30% interest alongside operator ExxonMobil (35%).
