ERHC Energy Inc (ERHE)

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Qatar Petroleum strengthens ties with TotalEnergies offshore South Africa

Qatar Petroleum has agreed to acquire interests in three TotalEnergies-operated blocks offshore South Africa.

Jul 5th, 2021

DOHA, Qatar – Qatar Petroleum (QP) has agreed to acquire interests in three TotalEnergies-operated blocks offshore South Africa.

Subject to approvals from South Africa’s government, QP would gain a 25% stake in the South Outeniqua block, 30% of the DWOB block, and 29.17% of the OBD block.

South Outeniqua covers 49,000 sq km (18,919 sq mi) in water depths ranging from 200-5,000 m (656-16,404 ft), and is south of the 11B/12B block containing the Brulpadda and Luiperd discoveries, where QP is already a partner to TotalEnergies.

DWOB/OBD cover 53,000 sq km (20,463 sq mi) in waters 1,000-4,200 m (3,281-13,779 ft) deep in the Orange basin. They are south of two Namibian blocks in which QP is a partner and blocks 2913A and 2914B, which the company expects to farm into pending approvals.

07/05/2021

https://www.offshore-mag.com/regional-reports/africa/article/14206234/qatar-petroleum-strengthens-ties-with-totalenergies-offshore-south-africa