Qatar Petroleum to acquire TotalEnergies’ exploration blocks in South Africa
Qatar Petroleum plans to acquire working interests in three offshore exploration blocks in South Africa.
Qatar Petroleum will hold a 25 percent participating interest in the South Outeniqua block, a 30 percent participating interest in the DWOB block, and a 29 percent participating interest in the OBD block, subject to South African government approvals.
“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,” said HE Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, Qatar Petroleum President and CEO.
The South Outeniqua block has an area of approximately 49,000 square kilometres and water depths ranging from 200m to 5,000m. TotalEnergies is the block's operator and owns the remaining participating interest. It is immediately south of the 11B/12B block, where TotalEnergies, Qatar Petroleum, Canadian Natural Resources Limited, and Main Street Limited have all 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 from 1,000m to 4,200m and are located in the Orange Basin, directly south of Namibian blocks 2912 and 2913B, in which Qatar Petroleum already has participating interests, and close to Blocks 2913A and 2914B, into which Qatar Petroleum's entry was recently announced, pending approvals.
TotalEnergies (operator) with a 50 percent participating interest and Sezigyn with a 20 percent participating interest are the other JV partners in the DWOB block. TotalEnergies (operator) holds a 48.61 percent participating stake in the OBD block, while Impact holds a 22.22 percent participating interest.