Qatar Petroleum (QP) said on Monday it had agreed a deal with Total to acquire a stake in the French energy giant’s two oil and gas blocks offshore Guyana.
Qatar Petroleum said it will hold 40 per cent of Total’s 25-per-cent participating interest in the Orinduik block, and 40 per cent of Total’s 25-per-cent participating interest in the neighboring Kanuku.
The block’s other partners are Tullow Oil, with a 60-per-cent participating interest and EcoAtlantic with a 15-per-cent interest.
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