Qatar Petroleum (QP) has entered the red hot Guyana market after taking a stake from France's Total in a pair of blocks that together will see three wildcats drilled this year.
The Qatari state giant has farmed in to the Tullow Oil-operated Orinduik block as well as the Repsol-operated Kanuku tract through the deal with Total.
QP is getting 40% of Total’s 25% stake in each block — which equates to a 10% slice — both of which are close to the prolific Stabroek block where operator ExxonMobil has so far made 13 discoveries.
