(WO) – TotalEnergies has expanded its presence in one of the world’s most active offshore exploration frontiers, announcing it has signed a production sharing contract (PSC) with partners QatarEnergy and Petronas for Block S4 offshore Guyana.
The agreement, signed with the Ministry of Natural Resources of Guyana and represented by Minister Vickram Bharrat, formalizes the award of Block S4 under the country’s 2022 Licensing Round. TotalEnergies will operate the block with a 40% interest, alongside QatarEnergy (35%) and Petronas (25%).
Located approximately 50 to 100 kilometers off the Guyanese coast, the 1,788 km² shallow-water block lies within a proven hydrocarbon basin that has yielded some of the largest oil discoveries in the past decade. The initial work program will include the acquisition of 2,000 km² of 3D seismic data to evaluate exploration prospects.
“This block fits our strategy of exploring for material, low-cost, and low-emission resources,” said Nicola Mavilla, Senior Vice President of Exploration at TotalEnergies. “We are delighted to bring our expertise as operator to Guyana and to further strengthen our global partnerships with QatarEnergy and Petronas.”
The new award further consolidates Guyana’s position as a key offshore exploration hub, with TotalEnergies joining ExxonMobil, Hess, and other major operators pursuing growth in the country’s expanding deepwater and shallow-water basins.
