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TotalEnergies (40%, operator) (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partners QatarEnergy (35%) and Petronas (25%) have signed a production sharing contract for Block S4 with Guyana's Ministry of National Resources represented by His Excellency Vickram Bharrat, following the block's 2023 award in the Guyana 2022 Licensing Round.
Block S4 is a 1,788 km 2 block located about 50-100 km from shore. The initial work program consists of a 2000 km 2 3D seismic acquisition.
" 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.
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
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