According to official reports on 29 July 2019, Qatar Petroleum (QP) has taken 40% of Total's stake in both Orinduik and Kanuku blocks in Guyana in which equates to 10% in each block. Specifically, Orinduik block will have along with QPâs 10%, Eco (Atlantic) (15%), Total (15%) and operator Tullow at 60%. Kanuku block will be partnered with operator, Repsol (37.5%), Tullow (37.5%), Total (15%) and now QP at 10%. No financial details were revealed. The transaction is expected to be closed after additional pending approvals.  Orinduik block (1835 sq km) is located offshore in the Guyana Basin, adjacent to south central area to ExxonMobilâs operated Stabroek block and adjacent northwest of Repsol-operated Kanuku block. On 4 July 2019 Tullow Oil spudded the Jethro-Lobe 1 new-field wildcat (NFW) well on the Orinduik Block in the offshore Guyana Basin. Kanuku block (6530 sq km) is located offshore Guyana Basin, adjacent southeast area of Stabroek and adjacent south of Orinduik block.     Background Information    On 4      July 2019 Tullow Oil spudded the Jethro-Lobe 1 new-field wildcat (NFW)      well on the Orinduik Block in the offshore Guyana Basin. Jethro is being      drilled with the âStena Forthâ drillship (DS) in water depths of some 1,350      m (4,429 ft). The well is targeting Lower Tertiary stratigraphically      trapped canyon turbidite and will be drilled down to the Cretaceous      section.      While the neighboring Stabroek Blockâs Hammerhead 1, located some 7 km      east of Orinduik, discovered Cretaceous reservoirs, it also proved that      the Tertiary section reveals commercial hydrocarbon accumulations in      stratigraphic sand traps. Jethro-Lobe 1 has an estimated 40      daysâ drilling time, then next up is the Joe prospect slated for Q3 2019      on the acreage.   On 14 February 2019 partner Tullow      reported Q3 2019 plans for the Repsol-operated Kanuku Block located      offshore Guyana Basin. The Carapa prospect will be drilled in      approximately 70 m of water with a jack-up rig soon to be contracted.      Carapa targets Cretaceous objectives with resource potential estimates of      some 200 MMbo.
Qatar Petroleum (QP) has taken a 10% stake in each of the Orinduik and Kanuku blocks, from 40% of Total's stake in each.