French and Canadian oil and gas companies join forces

TotalEnergies, the French oil and gas giant, has now formed a new partnership with BlueEnergies (BLU), the Canada-based international gas and oil development and exploration company.

Via Total’s subsidiary for upstream activities in West Africa’s Liberia, the two operators have signed a joint-study and application agreement (JSAA) to explore a deep water area off the country’s coastline in the Harper Basin.

The new agreement will empower the two businesses to establish prospects at the site in blocks LB-30, LB-31 and LB-26 of the basin, and further assess its potential for oil and gas. As well as conducting a wide range of activities that cover all aspects of energy resources, including exploration, development and marketing, TotalEnergies also supplies a full line of lubrication products through its Total Lubricants line. Options include cutting fluids for the metalworking industry, and food-safe oils and greases for factories manufacturing food, beverages, cosmetics and pharmaceuticals, among other products.

If the partners are successful in establishing the economically viability of the offshore site through drillable prospects, further plans will move forward. Together, they aim to apply for one or more industry-standard production sharing contracts (PSCs) to cover the blocks.

A spokesperson for BLU explained that a starting budget has already been jointly accounted for to cover the costs of executing an 18-month work program. This will involve seismic reprocessing to obtain accurate reservoir imaging, as well as the acquisition of data from the seabed to evaluate the prospectivity fully and de-risk the project’s hydrocarbon potential.

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