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

Saipem Agrees $272M Deal to Acquire Deep Value Driller Drillship

Saipem Agrees $272M Deal to Ac

New Alliance Targets Offshore Caisson Integrity Challenges

New Alliance Targets Offshore

Mammoet Completes Record Module Loadout at Khalifa Port for Gas Project

Mammoet Completes Record Modul

Santos Prevails in Legal Challenge Over Climate Claims

Santos Prevails in Legal Chall

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine