The Government of Guyana, through the Ministry of Natural Resources, has signed a Production Sharing Agreement (PSA) for shallow-water Block S4 offshore Guyana with a consortium of QatarEnergy (35%), TotalEnergies (40%, operator), and PETRONAS (25%). This award, part of the country’s first 2022 Licensing Round, marks another milestone in responsibly developing Guyana’s hydrocarbon resources.
The agreement underscores international confidence in Guyana’s petroleum sector and its appeal as a global investment destination.
Minister of Natural Resources, Hon. Vickram Bharrat, M.P., said, “We are pleased to welcome QatarEnergy, TotalEnergies and Petronas as new partners in Guyana’s petroleum sector. This investment demonstrates continued international confidence in Guyana’s transparent and robust licensing framework, and it reflects our government’s commitment to ensuring that the development of our natural resources is done sustainably and for the benefit of all Guyanese.”
Block S4 spans roughly 1,788 square kilometres, 50 to 100 kilometres offshore, in water depths of 30 to 100 metres. Exploration will follow Guyana’s regulatory standards and international best practices.
The Ministry reaffirmed its commitment to environmental stewardship, transparency, and local participation and looks forward to working with the consortium as Guyana strengthens its position as a responsible emerging energy producer.
