Doha, Nov. 9 (SANA) QatarEnergy has agreed to acquire a 25% stake in an offshore exploration license in Namibia from a Chevron subsidiary, expanding the Qatari state-owned energy company’s presence in the southern African country.The deal covers Petroleum Exploration License 82 (PEL82), which includes blocks 2112B and 2212A, QatarEnergy said Monday in a statement carried by the Qatar News Agency (QNA).Under the agreement, Chevron will retain a 55% stake and remain the operator, while Namibia’s national oil company NAMCOR and Custos Energy will each hold 10%.The exploration area covers approximately 11,444 square kilometers off Namibia’s coast, with water depths ranging from 350 to 2,300 meters.QatarEnergy President and CEO Saad bin Sherida Al-Kaabi, who also serves as Qatar’s Minister of State for Energy Affairs, said the agreement would strengthen the company’s partnership with Chevron and expand its exploration portfolio in Namibia.He said QatarEnergy looked forward to working with its partners to advance exploration activities.The agreement is part of QatarEnergy’s efforts to expand its international exploration operations. In September, the company and its partners Shell and Sonangol signed a preliminary agreement with Angola’s National Oil, Gas and Biofuels Agency covering exploration contracts for offshore blocks 8 and 22.QatarEnergy, formerly Qatar Petroleum, is responsible for developing Qatar’s North Field, the world’s largest non-associated natural gas reservoir.
T.S /ABD
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