Qatar Petroleum buys into two blocks off Guyana

Qatar Petroleum has entered into an agreement with Total for a 40% share of Total’s interest in two blocks offshore Guyana.

Qatar Petroleum is buying into the Orinduik block, operated by Tullow Oil and the neighboring Kanuku block, operated by Repsol.

Saad Sherida Al-Kaabi, the minister of state for energy affairs and president & CEO of Qatar Petroleum, commented: “We are pleased to expand our global exploration footprint into Guyana together with our valuable, long-term partner, Total, in these offshore blocks in this prospective basin.”

Last week, Qatar Petroleum took a 25% stake in three exploration blocks off Kenya.