QatarEnergy has entered into an agreement with Harmattan Energy Limited, an indirect subsidiary of Chevron Corporation, to acquire a working interest in Block 2813B, an offshore exploration block in Namibia.
Under the terms of the agreement, QatarEnergy will take a 27.5 percent stake in the Petroleum Exploration License and Petroleum Agreement for the block. HEL, as the operator, will retain a 52.5 percent interest. The remaining stakes will be held by Trago Energy Limited and the National Petroleum Corporation of Namibia, each owning 10 percent.
His Excellency Mr. Saad Sherida Al-Kaabi, minister of state for energy affairs and president and CEO of QatarEnergy, commented on the partnership: “This agreement demonstrates our commitment to continue expanding our upstream footprint in Namibia and the strengthening of our partnership with our valued partner Chevron.”
He further stated, “Following successful drilling operations in our other acreage in Namibia, we look forward to soon beginning drilling the first exploration well on this block. I would like to take this opportunity to thank the Namibian authorities and our partners for their support.”
Block 2813B (PEL0090) is located approximately 200 kilometres offshore Namibia and about 70 kilometres north of QatarEnergy’s Venus discovery. The license covers an area of 5,433 square kilometres, with water depths ranging from 2,400 to 3,300 meters.
This acquisition marks a significant step in QatarEnergy’s efforts to expand its presence in Namibia’s emerging energy sector, leveraging its partnerships and operational experience to explore the region’s potential.
For more information visit www.qatarenergy.qa
