Oil group Total buys stakes in offshore Guyana blocks

PARIS (Reuters) – French oil and energy group Total has bought stakes in some offshore Guyana oil production blocks, boosting its presence in the potentially lucrative Guyana basin.

Total said it was buying a 35 percent working interest in the Canje Block, in an agreement signed with an affiliate of Canadian company JHI Associates Inc. and Guyana-based company Mid-Atlantic Oil & Gas Inc.

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