QatarEnergy has entered into an agreement with TotalEnergies to acquire additional interests in two offshore blocks in Namibia's Orange Basin. The acquisition includes a 5.25% interest in block 2913B (PEL 56) and a 4.695% interest in block 2912 (PEL 91).

QatarEnergy inked a deal on Sunday with TotalEnergies to obtain an extra 5.25-percent interest in Block 2913B and an extra 4.695-percent interest in

TotalEnergies has agreed to farm-out additional interests in an exploration asset offshore Namibia to QatarEnergy.

The Qatari heavyweight is set to acquire additional stakes in blocks 2913B and 2912, located about 300 kilometres offshore Namibia

QatarEnergy has entered into an agreement with TotalEnergies to acquire an additional 5.25% interest in block 2913B (PEL 56) and an additional 4.695% interest in block 2912

The Qatari company’s ‘participating interest’ has been bumped up in block 2913B to 35.25 percent, and 33.025 percent in block 2912. QatarEnergy has strengthened its presence in offshore Namibia

QatarEnergy has signed an agreement with France’s TotalEnergies to acquire additional stakes in two exploration blocks in the Orange Basin, offshore Namibia. The state-backed gas giant will acquire an additional 5.