QatarEnergy is expanding its upstream presence in offshore Namibia by acquiring a 27.5% working interest in Block 2813 through a new agreement with Harmattan Energy Limited (HEL), the operator.
Announced by QatarEnergy on Sunday, the agreement stipulated that the HEL, an indirect subsidiary of Chevron Corporation, would hold a 52.50 percent interest.
Each of the remaining partners, Trago Energy Limited and the National Petroleum Corporation of Namibia (NAMCOR), will hold a 10 percent interest, QatarEnergy said in a press release.
The exploration block lies 200 kilometers off Namibia’s coast, with the license covering water depths ranging from 2,400 to 3,300 meters.
