Total Bought 25% in Orinduik Block Offshore Guyana

Published

Total says has exercised option to buy a 25 pct interest in Orinduik exploration block offshore Guyana.

* Orinduik operated by Tullow Oil off Guyana contains an estimated 3 billion barrels of oil and gas, its partner Eco Atlantic said on Tuesday, as the two firms prepare to drill in the Latin American oil basin.

* Tullow plans to begin drilling in the block in the third quarter of 2019, with Eco indicating it will begin "early" in the quarter.

* Guyana became one of the world's most closely watched oil basins after Exxon Mobil discovered more than 4 billion barrels of oil equivalent in its Stabroek licence in recent years.

Reporting By Ron Bousso

Current News

Shell to Take 30% Stake in Equinor's Bay du Nord Project off Canada

Shell to Take 30% Stake in Equ

Transocean Adds $1.1B to Offshore Drilling Backlog

Transocean Adds $1.1B to Offsh

Gennaker Offshore Substations Depart for Baltic Sea Installation (Video)

Gennaker Offshore Substations

Valeura Starts Wassana Platform Installation Offshore Thailand

Valeura Starts Wassana Platfor

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine