Qatar Petroleum (QP) announced its latest move into Africa on 27 August with an agreement to farm into two Total-operated blocks offshore Namibia. The move comes hot on the heels of exploration successes offshore both neighboring South Africa and in the Caribbean north of Guyana where the firm has agreed to farm into two other blocks alongside Total.
As in Guyana, QP’s move requires regulatory approval from the Namibian government. Under the terms of the deal, QP will enter the neighboring blocks 2913B and 2912. QP will take 30% of Block 2913B, with Total retaining a 40% operating stake alongside private firm Impact Oil (20%) and state firm Namco (10%). The block lies 150km west of (ie further offshore from) the Kudu Gas field and Impact says that 3D seismic data acquired in 2017 indicates “there exists a rich, oil prospective zone running through the block.” A first exploration well is to be drilled in 1H 2019. (CONTINUED - 743 WORDS)