12:10 PM EST, 11/11/2025 (MT Newswires) -- TotalEnergies (TTE) said Tuesday it signed a production sharing contract for Block S4 offshore Guyana with partners QatarEnergy and Petronas.

The agreement was finalized with Guyana's Ministry of Natural Resources following the block's award in the 2022 licensing round. Block S4 spans 1,788 square kilometers, located about 50 to 100 kilometers from the coast.

The partners will begin work with a 2,000-square-kilometer 3D seismic survey.

TotalEnergies holds a 40% stake and will operate the shallow-water block, while QatarEnergy and Petronas own 35% and 25%, respectively, the company added.

Shares of TotalEnergies were up 2% in recent trading.

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