Qatar Petroleum entered into agreements with TotalEnergies to acquire working interests in three offshore exploration blocks in South Africa.
Under the terms of the agreements, which are subject to customary approvals by the government of South Africa, Qatar Petroleum will hold a 25% participating interest in the South Outeniqua block, a 30% participating interest in the DWOB block, and a 29.17% participating interest in the OBD block.
Minister of State for Energy Affairs and Qatar Petroleum President/CEO HE Saad Sherida Al-Kaabi, said the acquisitions represent an excellent addition to the company’s South African regional upstream portfolio, building upon the positive progress following the recent drilling success in the 11B/12B block.
We are delighted to have the opportunity to work with our strategic partner TotalEnergies to explore these promising and prospective blocks, and to further develop our relationship with the South African government and other joint venture partners, whilst also pushing forward with Qatar Petroleum’s ambitious growth strategy.
I would like to take this opportunity to thank the South African authorities and partners for their valuable support and cooperation.
South Outeniqua, DWOB and OBD blocks
The South Outeniqua block covers an area of approximately 49,000 square kilometres in water depths ranging between 200 and 5,000 metres. TotalEnergies is the Operator and holds the remaining participating interest in the block. It is located directly south of the 11B/12B block where TotalEnergies, Qatar Petroleum, 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 kilometres in water depths ranging between 1,000 and 4,200 metres and are located in the Orange Basin directly south of Namibian blocks 2912 and 2913B in which Qatar Petroleum already holds participating interests, and in close proximity to Blocks 2913A and 2914B, into which Qatar Petroleum’s entry was recently announced, pending customary approvals.
The other JV partners in the DWOB block are TotalEnergies (Operator) with a 50% participating interest and Sezigyn with a 20% participating interest. In the OBD block, the JV partners are TotalEnergies (Operator) with 48.61% participating interest and Impact with a 22.22% participating interest.
For more information about Qatar Petroleum, visit qp.com.qa.
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