Qatar Petroleum inks South Africa deal with TotalEnergies

State-owned LNG giant Qatar Petroleum said it has entered into agreements with France’s TotalEnergies to take stakes in three offshore exploration blocks in South Africa.

Under the deals, Qatar Petroleum will hold a 25% participating interest in the South Outeniqua block, a 30% stake in the DWOB block, and a 29.17% stake in the OBD block.

The deals are subject to customary approvals by the government of South Africa, according to a QP statement.

“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,” Qatar’s energy minister and chief executive of QP, Saad Sherida Al-Kaabi, said.

The South Outeniqua block covers an area of approximately 49,000 square kilometers in water depths ranging between 200 and 5,000 meters.

TotalEnergies operates and holds the remaining participating interest in the block.

Moreover, the block is located directly south of the 11B/12B block where TotalEnergies, QP, 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.

They are located in the Orange Basin directly south of Namibian blocks 2912 and 2913B in which QP already holds participating interests. In addition, they also sit in close proximity to Blocks 2913A and 2914B. QP announced a deal with Shell for these blocks earlier this year.

The other JV partners in the DWOB block are TotalEnergies with an operating 50% interest, and Sezigyn with a 20% interest.

In the OBD block, the JV partners are TotalEnergies with an operating stake of 48.61% and Impact with a 22.22% participating interest. ​

- Advertisements -

Most Popular

Stena Bulk sells its last LNG carrier

Swedish shipping firm Stena Bulk has sold its last liquefied natural gas (LNG) carrier to an undisclosed Asian buyer. The...

Gulfstream LNG asks US FERC to start pre-filing process

Houston-based Gulfstream LNG is seeking approval from the US FERC to initiate the environmental pre-filing review for its mid-sized...

Shell launches largest bio-LNG plant in Germany

A unit of LNG giant Shell has launched what it says is the largest bio-LNG production plant in Germany. The...

More News Like This

GTT secures LNG tank gig for eight vessels

French LNG containment giant GTT has secured a tank design order for eight 174,000-cbm LNG carriers. GTT said a statement...

TotalEnergies: average LNG price down in Q1

French energy giant TotalEnergies, one of the world’s largest LNG players, reported a drop in its average price for...

TotalEnergies pushes back Papua LNG FID to 2025

French energy giant TotalEnergies and its partners have postponed a final investment decision on the planned Papua LNG export...

TotalEnergies expands its US natural gas production

France's TotalEnergies has agreed to buy the 20 percent interest held by Lewis Energy in the Dorado leases operated...