Royal Dutch Shell Plc will suspend exploration drilling off French Guiana until 2015 after three unsuccessful wells, according to a partner in the project.
Tullow Oil Plc, a U.K. oil and gas explorer, said wells in Mozambique and French Guiana failed to make discoveries.
Royal Dutch Shell Plc, Europe’s biggest oil producer, said it’s “obviously concerned” at reports France suspended drilling permits for French Guiana.
Tullow Oil Plc plans to switch its exploration focus to Suriname from French Guiana after drilling three unsuccessful wells in the overseas region of France.
The French government ordered a study into the environmental repercussions of drilling for oil in French Guiana following a landmark discovery by Tullow Oil Plc earlier this year.
Tullow Oil Plc, which opened a new oil frontier off the northeast coast of South America, said it’s targeting about 1.4 billion barrels of oil and gas resources from three wells off French Guiana.
Total SA may offer $113 million in cash for Wessex Exploration Plc, the owner of a minority stake in licenses off French Guiana that hold more than a billion barrels of oil.
Royal Dutch Shell Plc, Total SA and Tullow Oil Plc won French government approval to drill for oil off French Guiana as they seek to build on last year’s landmark find off the Latin American coast.