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Qatar Petroleum and Total signed exploration & production agreements for 2 offshore blocks in Namibia

Qatar Petroleum and Total signed exploration & production agreements for 2 offshore blocks in Namibia


Doha, August 27 - Neftegaz.RU. Qatar Petroleum has entered into agreements with Total for a share of exploration and production rights in 2 blocks offshore of Namibia.

Under the agreements, which are subject to customary regulatory approvals by the government of Namibia and approvals by the partners in the blocks, Qatar Petroleum will hold a 30% participating interest in Block 2913B, with Total (the Operator) holding a 40% participating interest. The other partners in the block are Impact Oil (20%), and Namcor (10%). A 1st exploration well is scheduled to be drilled in the 1st half of next year.

Commenting on the agreements, Saad Sherida Al-Kaabi, CEO of Qatar Petroleum, said: “We are pleased to expand our global exploration activities into Namibia, which further strengthens our presence in Africa. Working on these prospective frontier blocks with our valuable long-term partner, Total, will give another boost to our efforts towards implementing our international growth strategy.”

Blocks 2913B and 2912 sit adjacent to one another offshore Namibia. Block 2913B is 2,600-3,300 meters deep with an area of about 8,215 sq. km, while Block 2912 is 3,300-3,800 m. deep with an area of about 7,813 sq. km. ​

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