TotalEnergies, partners sign production sharing contract for Block S4 in Guyana

TotalEnergies (TTE), as 40% stakeholder and operator, and its partners QatarEnergy and Petronas 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. The initial work program consists of a 2000 km2 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.