Qatar Petroleum enters Angola block

Qatar Petroleum has entered into a farm-in deal with Sonangol and Total to buy a 30% participating interest in Block 48 offshore Angola.

The block, with a drill ready opportunity covers an area of about 3,600 square kilometers.

The partners plan to start drilling activities in the block as part of a 2020/2021 program, QP said on Tuesday.

Furthermore, the farm-in deal is subject to customary approvals by the Angolan government.

Following approvals, France-based Total will have a 40% operating stake in the block. Angolan state oil firm Sonangol and QP will own a 30% stake, each.

Block 48 is located in ultra-deep waters offshore Lower Congo Basin, some 400 km northwest of capital Luanda.

It is also located some 200 km west of Soyo onshore LNG plant where Total and Sonangnol both have stakes.

The 5.2 mtpa Angola LNG plant receives associated gas from the country’s producing offshore oil fields.

“Continuing on our journey to build a world-class exploration portfolio, by securing interests in promising exploration blocks in diverse geographies, we are pleased to be part of this exciting ultra-deep water opportunity in Angola, a leading oil and gas producing country,” said Saad Sherida Al-Kaabi, Qatari energy minister and CEO of QP.

“This is our first opportunity in Angola with both Sonangol, and our long-term partner, Total, an experienced operator with significant in-country presence,” he added.

Most Popular

Venture Global kicks off CP2 LNG site work

US LNG exporter Venture Global said it had initiated full mobilization and started site work at the company’s third LNG export facility, CP2 LNG.

Purus orders LNG carrier in South Korea

London-based Purus Marine has ordered one 180,000-cbm liquefied natural gas (LNG) carrier in South Korea.

Excelerate advances Vietnam LNG talks

US FSRU player Excelerate Energy is moving forward with its plans to supply Vietnam with liquefied natural gas (LNG) supplies from the US.

More News Like This

QatarEnergy eyes major LNG trading expansion

State-owned LNG giant QatarEnergy aims to increase trading of non-Qatari physical LNG volumes to 30 to 40 million tons by 2030, according to Qatar’s energy minister and chief executive of QatarEneergy, Saad Sherida Al-Kaabi.

TotalEnergies seals Ksi Lisims LNG deal

French energy giant TotalEnergies has signed a 20-year deal with Ksi Lisims LNG to buy LNG from the latter's planned export project in Canada. In addition, TotalEnergies will acquire a 5 percent stake in Houston-based Western LNG, the developer, shareholder, and future operator of the Ksi Lisims LNG project.

China’s Hudong-Zhonghua delivers its 50th LNG carrier

Chinese shipbuilder Hudong-Zhonghua has delivered its 50th liquefied natural gas (LNG) carrier.

TotalEnergies targets Mozambique LNG restart by mid-year, CEO says

France's TotalEnergies and its partners in the giant Mozambique LNG project are planning to restart construction on the 12.8 mtpa project by the middle of this year, according to Patrick Pouyanne, CEO of TotalEnergies.