On 5 February 2018, Total SA announced that it has signed agreements to acquire working interests in two exploration blocks, offshore Guyana in the Guyana-Suriname Basin. This is in addition to the company's 25% WI option agreement for the Orinduik Block with Eco Atlantic in the same basin. Total will acquire 35% WI in the ExxonMobil-operated deepwater Canje Block sited in water depths of 1,700-3,000m to the north east of the prolific Stabroek Block from an affiliate of partners JHI Associates Inc (40% WI) and Guyana-based Mid-Atlantic Oil & Gas Inc (currently 25% WI), to leave them with 30% WI remaining between them. The block lies only around 40km away from the play-opening Liza discovery in the ExxonMobil operated Stabroek Block in May 2015, whereby first oil is expected in March 2020 through a Phase 1 FPSO. The Turbot-1 discovery in Q3 2017 is even closer at around 15km from the edge of the block. This is a similar play type to Liza, a stratigraphic play on the rim of the bowl which encountered 23m of oil-bearing sandstone of around Late Cretaceous age. Two prospects have been identified, one in the centre and one in the south east of the block, for possible drilling in 2018-2019. JHI farmed-in for 75% from the sole rightholder of the block, Mid-Atlantic Oil & Gas, around early 2015 and ExxonMobil then acquired operatorship and 35% WI from JHI in early 2016. In March-August 2016, a 7,760 sq km 3D survey was acquired by the Polarcus "Adira" vessel. Total will also acquire 25% WI in the Kanuku Block to the south of the Stabroek Block from operator Repsol (see other Scout article).
Total SA announced that it has signed agreements to acquire working interests in two exploration blocks, offshore Guyana in the Guyana-Suriname Basin. This is in addition to the company's 25% WI option agreement for the Orinduik Block with Eco Atlantic in the same basin.