Qatar to Enter Exploration Blocks in Namibia

Published August 28th, 2019 - 11:45 GMT
A first exploration well is scheduled to be drilled in the first half of next year.
A first exploration well is scheduled to be drilled in the first half of next year. (Shutterstock)
Highlights
Qatar Petroleum will hold a 30 percent participating interest in Block 2913B, with Total (the Operator) holding a 40% participating interest.
Qatar Petroleum (QP) has entered into agreements with French energy giant Total for a share of exploration and production rights in two blocks offshore Namibia.

{"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-3…","video_id":"332b5940-4475-4223-8145-3ae1440e586c","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 countries in the world to visit"}

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 percent participating interest in Block 2913B, with Total (the Operator) holding a 40% participating interest. The other partners in the block are Impact Oil (20 percent), and Namcor (10 percent).

A first exploration well is scheduled to be drilled in the first half of next year. Also under the agreements, QP will hold a 28.33 percent participating interest in Block 2912, with Total (the Operator) holding a 37.78 percent participating interest. The other partners in the block are Impact Oil (18.89 percent) and Namcor (15 percent).
 

© Copyright Qatar Tribune. All Rights Reserved.

You may also like