QatarEnergy has signed a Production Sharing Agreement for shallow-water Block S4 offshore the Cooperative Republic of Guyana. The block was awarded through the 2022 Guyana Licensing Round.
Under the terms of the
agreement, QatarEnergy will hold a 35 per cent share, while its partners
TotalEnergies (the operator) will hold 40 per cent, and PETRONAS will hold 25
per cent.
Saad Al-Kaabi, the
Minister of State for Energy Affairs, t​​he President and CEO of QatarEnergy,
said: “We are pleased to secure this exploration block in Guyana, further
building on the strategy to expand our global upstream exploration activities.”
Minister Al-Kaabi
added, “I would like to thank the Government of the Cooperative Republic of
Guyana and our partners in the block for their valued support and cooperation.
We look forward to working together to deliver on our exploration objectives.”
Block S4 covers an
area of 1,788 km2 and is situated approximately 50-100 km from Guyana’s coast,
in water depths of 30-100 meters. -TradeArabia News Service
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