QatarEnergy has entered into an agreement with Harmattan Energy (HEL), an indirect subsidiary of Chevron Corporation, to acquire a working interest in the Petroleum Exploration License and Petroleum Agreement for Block 2813B (PEL0090), offshore Namibia.
QatarEnergy will acquire a 27.5 per cent interest, while HEL (the operator) will retain a 52.50 per cent interest. The other partners on the block are Trago Energy and the National Petroleum Corporation of Namibia (NAMCOR), each holding a 10 per cent interest.
“This agreement demonstrates our commitment to continue expanding our upstream footprint in Namibia, and the strengthening of our partnership with our valued partner Chevron,” commented Saad Sherida Al-Kaabi, the President and CEO of QatarEnergy.
Block 2813B (PEL0090) lies about 200 kilometers offshore Namibia and approximately 70 kilometres north of QatarEnergy’s Venus discovery. The license covers an area of 5,433 km², in water depth of 2,400 to 3,300 metres.