DOHA: QatarEnergy has entered into an agreement with Harmattan Energy Limited (HEL), an indirect subsidiary of Chevron Corporation, to acquire a working interest in the Petroleum Exploration Licence and Petroleum Agreement for Block 2813B (PEL0090), offshore Namibia.
Under the agreement, QatarEnergy will acquire a 27.5% interest, while HEL (the operator) will retain a 52.50% interest. The other partners on the block are Trago Energy Limited and the National Petroleum Corporation of Namibia (NAMCOR), each holding a 10% interest.
Commenting on this occasion, Minister of State for Energy Affairs, and President and CEO of QatarEnergy HE Eng Saad bin Sherida Al Kaabi said: "This agreement demonstrates our commitment to continue expanding our upstream footprint in Namibia, and the strengthening of our partnership with our valued partner Chevron." "Following successful drilling operations in our other acreage in Namibia, we look forward to soon begin drilling the first exploration well on this block," Minister Al Kaabi added.
Block 2813B (PEL0090) lies about 200km offshore Namibia and approximately 70km north of QatarEnergy's Venus discovery. The licence covers an area of 5,433km, in water depth of 2,400 to 3,300 meters.
