QP inks second Namibia offshore deal
Qatar Petroleum (QP) has entered into an agreement with Anglo-Dutch Shell to become a partner in two exploration blocks offshore Namibia, it said on April 6.
QP will hold a 45% participating interest in the PEL 39 exploration licence pertaining to blocks 2913A and 2914B, while operator Shell will control a 45% interest, and the National Petroleum Corporation of Namibia the remaining 10%.
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“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,” QP CEO Saad Sherida Al-Kaabi said. QP entered into agreements with France's Total for participation in blocks 2913B and 2912 offshore Namibia in 2019.
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.