QatarEnergy has signed a Production Sharing Agreement for the shallow-water Block S4 offshore the Cooperative Republic of Guyana, expanding its presence in one of the world’s most promising emerging energy basins, marking a strategic step in enhancing its international upstream operations.
The block was awarded to QatarEnergy as part of the 2022 Guyana Licensing Round, reflecting the growing international interest in the country’s rapidly emerging offshore energy potential and its expanding role in the global oil and gas sector.
Under the terms of the agreement, QatarEnergy will hold a 35 percent participating interest, while TotalEnergies, serving as the operator, will hold a 40 percent share. The remaining 25 percent will be held by PETRONAS, completing the consortium for the development of Block S4.
HE Saad bin Sherida Al Kaabi Minister of State – Energy Affairs President and CEO – QatarEnergy
“We are pleased to secure this exploration block in Guyana, further building on the strategy to expand our global upstream exploration activities. I would like to thank the Government of the Cooperative Republic of Guyana and our partners in the block for their valued support and cooperation. QatarEnergy look forward to working together to deliver on our exploration objectives.”
The Block S4 covers an area of 1,788 km² and is located approximately 50–100 km off Guyana’s coast, in shallow waters ranging from 30 to 100 meters in depth, offering favorable conditions for offshore exploration activities.
QatarEnergy, the national energy champion of Qatar, continues to broaden its international footprint through major exploration and production ventures worldwide, with a strong focus on sustainable development and strategic upstream partnerships across key global markets.
