Guyana Department of Energy: Qatar|Total partnership “substantially unclear”

Recently, it was reported that Qatar Petroleum has farmed into two blocks offshore Guyana (Orinduik & Kanuku blocks). It was stated that the Qatari oil company takes 40% of Total’s stakes in the blocks – which means that the company now owns 10% in each block.

However, the Guyana Department of Energy has indicated that it was “substantially unclear” about the deal between Qatar Petroleum and French company Total.

According to NewsRoom Guyana, Dr. Bynoe, Head of the Department of Energy said that “We are in discussion with the Co-V (co-venturer) so we can have greater clarity,”.

“At this point in time, it is still substantially unclear for us.”

He made these statements at a press conference on Monday at the Ministry of the Presidency in Georgetown.

Dr. Bynoe confirmed that the Government has received “a transaction letter from Total” and is now in the process of reviewing the document.