Qatar Petroleum joins Guyana’s offshore project

Argus media 17/03/2021

State-owned Qatar Petroleum has formally joined Guyana's highly prospective offshore oil projects with the government's approval of its farm-in to two blocks, natural resources minister Vickram Bharrat tells Argus.

France's Total and Qatar Petroleum have created a joint venture, Toqap, that now has a 25pc working interest in the shallow-water Orinduik block in which UK independent Tullow Oil has a 60pc operating stake. The remaining 15pc interest is held by Canadian junior Eco Atlantic.

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