Guyana: TotalEnergies Becomes Operator with a new Offshore Exploration License

Core Viewpoint - TotalEnergies has become the operator of Block S4 in Guyana, signing a production sharing contract with QatarEnergy and Petronas, following the block's award in the 2022 Licensing Round [1][6]. Group 1: Company Overview - TotalEnergies holds a 40% stake in Block S4, while QatarEnergy and Petronas hold 35% and 25% respectively [1]. - The block covers an area of 1,788 square kilometers and is located approximately 50-100 kilometers offshore [2]. - The initial work program for Block S4 includes a 2,000 square kilometer 3D seismic acquisition [2]. Group 2: Strategic Importance - TotalEnergies aims to leverage its expertise as an operator in this prolific basin, enhancing its strategic partnerships with QatarEnergy and Petronas [2]. - The project aligns with TotalEnergies' strategy of exploring for material, low-cost, and low-emission resources [2]. Group 3: Company Profile - TotalEnergies is a global integrated energy company involved in the production and marketing of various energy sources, including oil, natural gas, and renewables [3]. - The company employs over 100,000 people and operates in approximately 120 countries, emphasizing sustainability in its strategy and operations [3].