Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ARCHIVE
    • Printed Issues Offshore Magazine
    • Downloads
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Online OER Magazine
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

Qatar Petroleum enters two offshore exploration blocks in Namibia

Wednesday, April 7 2021

Qatar Petroleum entered into an agreement with Shell to become a partner in two exploration blocks offshore the Republic of Namibia.

Under the terms of the agreement, which is subject to customary approvals, Qatar Petroleum will hold a 45% participating interest in the PEL 39 exploration license pertaining to Block 2913A and Block 2914B, while Shell (the Operator) will hold a 45% interest, and the National Petroleum Corporation of Namibia (NAMCOR) will hold the remaining 10% interest.

Commenting on the agreement, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, said: “With this second exploration and production sharing agreement in Namibia, we are pleased to expand our exploration footprint in the country, and to further strengthen our presence in the southern Africa region. Working on these promising and prospective blocks with our valued long-term partner, Shell, is another step in our stride towards achieving our international growth strategy. We look forward to working together with the Namibian Government, NAMCOR and Shell on these blocks.”

This is Qatar Petroleum’s second exploration license in Namibia. In August 2019, Qatar Petroleum entered into agreements for participating in blocks 2913B and 2912 offshore Namibia.

The PEL 39 blocks are located offshore Namibia in ultra-deep-water depths of about 2,500 m, covering an area of approximately 12,300 km2.​

Related posts:

  1. Equinor and YPF partner with Shell in CAN 100 block offshore Argentina
  2. 1,600-tonne former gas platform coming ashore at Great Yarmouth to be recycled
  3. Partnership to provide ATEX Air Conditioners for harshest environments
  4. Pioneering Spirit lifts 25,000 t Brent Bravo platform

Filed Under: International News, Oil and Gas, Partnership Tagged With: exploration blocks in Namibia, Qatar Petroleum, Shell


Read Magazine Online



Event List


  • ONS Stavanger 2022
    • 29/08/2022 - 01/09/2022
    • Stavanger
  • Oil & Gas Asia 2022 (OGA)
    • 13/09/2022 - 15/09/2022
  • Rio Oil & Gas
    • 26/09/2022 - 29/09/2022
  • WindEnergy Hamburg 2022
    • 27/09/2022 - 30/09/2022
  • Floating Offshore Wind 2022
    • 12/10/2022 - 13/10/2022
  • all events

Follow us on Twitter

Tweets door @OERnews

Copyright © Practica Productions - All rights reserved - 2022 cookies