French supermajor Total has bought stakes in more oil blocks offshore Guyana, according to Reuters.
Total is buying a 35% working interest in the Canje Block, in which operator ExxonMobil has a 35% stake and the other 30% is shared by Canada’s JHI Associates and Guyana-based Mid-Atlantic oil & Gas.
It has also purchased a 25% working interest in the Kanuku Block in which Repsol and Tullow each have 37.5% shares.
And it added a 25% working interest in the Orinduik Block along with Tullow Oil which has 60% and Canada’s Eco Atlantic Oil & Gas with 15%.
Guyana gained world attention in 2015 with ExxonMobil’s massive discovery of high-quality oil reserves off the South American country. Estimates put Guyana’s potential reserves at 2 billion barrels.