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  • Qatar Petroleum enters into three offshore exploration blocks in South Africa with TotalEnergies
    édité le 05/07/2021 - Plus de news de "Qatar Petroleum" - Voir la fiche entreprise de "Qatar Petroleum"


Qatar Petroleum enters into three offshore exploration blocks in South Africa with TotalEnergies
Qatar Petroleum entered into agreements with TotalEnergies to acquire working interests in three offshore exploration blocks in South Africa.

Under the terms of the agreements, which are subject to customary approvals by the government of South Africa, Qatar Petroleum will hold a 25% participating interest in the South Outeniqua block, a 30% participating interest in the DWOB block, and a 29.17% participating interest in the OBD block.

Commenting on this occasion, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, said, “These acquisitions represent an excellent addition to our South African regional upstream portfolio, and build upon the positive progress following the recent drilling success in the 11B/12B block.”

His Excellency Minister Al-Kaabi added, “We are delighted to have the opportunity to work with our strategic partner TotalEnergies to explore these promising and prospective blocks, and to further develop our relationship with the South African Government and other joint venture partners, whilst also pushing forward with Qatar Petroleum’s ambitious growth strategy. I would like to take this opportunity to thank the South African authorities and partners for their valuable support and cooperation.”

The South Outeniqua block covers an area of approximately 49,000 square kilometers in water depths ranging between 200 and 5,000 meters. TotalEnergies is the Operator and holds the remaining participating interest in the block. It is located directly south of the 11B/12B block where TotalEnergies, Qatar Petroleum, Canadian Natural Resources Limited and Main Street Limited have announced significant gas condensate discoveries in the Brulpadda and Luiperd prospects.

The DWOB and OBD blocks cover a combined area of about 53,000 square kilometers in water depths ranging between 1,000 and 4,200 meters and are located in the Orange Basin directly south of Namibian blocks 2912 and 2913B in which Qatar Petroleum already holds participating interests, and in close proximity to Blocks 2913A and 2914B, into which Qatar Petroleum’s entry was recently announced, pending customary approvals. The other JV partners in the DWOB block are TotalEnergies (Operator) with a 50% participating interest, and Sezigyn with a 20% participating interest. In the OBD block the JV partners are TotalEnergies (Operator) with a 48.61%, participating interest and Impact with a 22.22% participating interest.

About Qatar Petroleum

Qatar Petroleum (QP) is a state-owned corporation established by Decree Law No. 10 in 1974. It is responsible for all phases of the oil and gas industry in the State of Qatar.
The principal activities of QP, its subsidiaries and joint ventures are the exploration, production, local and international sale of crude oil, natural gas and gas liquids, liquefied natural gas, refined products, synthetic fuels, petrochemicals, fuel additives, fertilizers, steel and aluminium.
The operations and activities of QP and its affiliates are conducted at various onshore locations, including Doha, Dukhan and the Mesaieed and Ras Laffan Industrial Cities, as well as offshore areas, including Halul Island, offshore production stations, drilling platforms and the North Field.

About TotalEnergies

TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.


Origine : Communiqué Qatar Petroleum

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