Qatar Petroleum acquires a stake in Total's assets in Guyana



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FILE PHOTO – The Qatar Petroleum logo is visible at its headquarters in Doha, Qatar on July 8, 2017. Photo taken on July 8, 2017. REUTERS / Stringer

DUBAI (Reuters) – Qatar Petroleum announced on Monday that it has reached an agreement with Total (TOTF.PA) to acquire a stake in the two oil and gas blocks of the French energy giant off Guyana.

Qatar Petroleum said it would hold 40% of Total's 25% stake in the Orinduik block and 40% of its 25% stake in neighboring Kanuku.

The other partners in the block are Tullow Oil (TLW.L), with a 60% stake and EcoAtlantic with a 15% stake.

Reportage of Dahlia Nehme; Edited by Louise Heavens

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