Namibia: QatarEnergy Expands Interests in Orange Basin Blocks
The deal strengthens QatarEnergy’s presence in PEL 56 and PEL 91.
Read the latest Archives of oil, gas and energy news.
The deal strengthens QatarEnergy’s presence in PEL 56 and PEL 91.
The oil and gas exploration company has signed a farm-in agreement for Block 1 in South Africa’s portion of the Orange Basin.
Azule Energy has signed a farm-in agreement with Rhino Resources Namibia, acquiring a 42.5% interest in Block 2914A in Namibia’s Orange basin.
The deal expands Sintana Energy’s presence in the highly-prolific Orange Basin, with Giraffe Energy owning a 33% stake in the Petroleum Exploration License (PEL) 79.
TotalEnergies and project partner QatarEnergy will use their experience in the Orange Basin to drill and develop South Africa’s Block 3B/4B.
The Orange Basin boasts six large-scale oil and gas discoveries driving Namibia’s energy sector expansion.
Galp has secured a semi-submersible rig for the drilling of two wells at PEL-83 in the Orange Basin, Namibia.
Namibia’s recent oil discoveries present a strategic opportunity for public and private sector collaboration with South Africa.
PCL Gathers 50% Seismic Data for Orange Basin, Shares Rise 10% Ahead of June Survey Competition for Potential Oil Reservoirs Comparable to Shell & TotalEnergies Discoveries
Shell, the National Petroleum Corporation of Namibia and QatarEnergy have announced Namibia’s third hydrocarbons discovery in the Orange Basin.