QatarEnergy Extends Offshore Exploration Stake in Namibia
According to a statement from QatarEnergy, the company's participating interests in both licenses will increase to 35.25 percent and 33.025 percent, respectively, with the French multinational energy company holding 45.25 percent and 42.475 percent, respectively.
The other partners in the two licenses are Britain-based oil and gas exploration company Impact Oil & Gas, and the National Petroleum Corporation of Namibia, the statement added.
"We look forward to delivering on our exploration and potential development program," the statement quoted Qatar's Minister of State for Energy Affairs and President and CEO of QatarEnergy Saad Sherida Al-Kaabi as saying.
Blocks 2913B and 2912 are located approximately 300 km offshore Namibia, in water depths ranging from 2,600-3,800 meters.
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