TotalEnergies announced that it has become the operator of Guyana’s Block S4, signing a production‑sharing contract with the Guyana Ministry of National Resources on November 11 2025. The agreement gives TotalEnergies a 40 % operator stake, with QatarEnergy holding 35 % and Petronas 25 %. Block S4 covers 1,788 km² of shallow‑water offshore Guyana, roughly 50‑100 km from shore, and was awarded in the 2022 licensing round.
The new operator role positions TotalEnergies to conduct seismic surveys, drilling, and production activities in a basin that has recently produced significant hydrocarbon discoveries. By taking the lead, the company can accelerate development of the block’s 2,000 km² of 3D seismic data and potentially add new barrels of oil equivalent to its upstream portfolio. The partnership with QatarEnergy and Petronas diversifies risk and brings complementary technical expertise, reinforcing TotalEnergies’ strategy to focus on high‑margin, low‑cost, low‑emission projects.
TotalEnergies’ Q3 2025 earnings, released around the same time, showed adjusted net income of $4.0 billion, flat year‑on‑year, and a 4 % increase in overall production to 2.5 Mboe/d. The Exploration & Production segment reported adjusted net operating income of $2.2 billion, down from $2.48 billion in Q3 2024, reflecting a modest decline in upstream cash flow as the company invests in new projects such as Block S4. The flat earnings result was driven by a $10 billion drop in oil prices, offset by disciplined cost management and the contribution of downstream operations.
Nicola Mavilla, Senior Vice President of Exploration, said the block “fits our strategy of exploring for material, low‑cost, and low‑emission resources. We are delighted to bring our expertise as operator to Guyana and to further strengthen our global partnerships with QatarEnergy and Petronas.” CEO Patrick Pouyanné added that the company’s “strong financials are underpinned by accretive hydrocarbon production growth of more than 4 % year‑on‑year and improved downstream results,” highlighting the strategic importance of new upstream assets like Block S4.
Guyana’s oil boom, driven by discoveries in the Stabroek Block, has positioned the country as one of the fastest‑growing producers in the world. TotalEnergies’ entry as operator in Block S4 signals continued international confidence in Guyana’s transparent licensing framework and its potential to deliver high‑quality reserves. The partnership also aligns with the company’s goal of increasing energy production by approximately 4 % per year through 2030, while maintaining a low‑carbon footprint.
With the operator role secured, TotalEnergies can now accelerate the development of Block S4, potentially adding significant reserves and production capacity to its portfolio. The move strengthens the company’s upstream pipeline, diversifies its geographic exposure, and supports its long‑term strategy of balancing growth with sustainability.
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