Qatar Petroleum in South Africa block deal with Total

Saad Sherida Al-Kaabi

Qatar Petroleum, the world’s largest producer of liquefied natural gas (LNG), said it had entered into a deal with France’s Total to acquire a 25% stake in an exploration block offshore South Africa.

The deal is part of Qatar Petroleum’s international expansion “reinforcing Qatar’s leading position in the field of energy across the globe,” said Saad Sherida Al-Kaabi, the President & CEO of Qatar Petroleum.

Block 11B/12B is located in what is considered to be a frontier area in the Outeniqua Basin, approximately 175 kilometers off the southern coast of South Africa.

It covers an area of approximately 19,000 square kilometers with water depths ranging from 200 to 1,800 meters.

“We are hopeful that the exploration efforts, including the drilling of an exploration well later this year, will be successful, and we look forward to collaborating with our partners Total, CNR, Main Street in this project,” said Al-Kaabi.

Once the deal receives regulatory approvals by the South African Government, Qatar Petroleum will have a 25% participating interest in the block, while Total that operates the block will have 45%, Canadian Natural Resources Limited (CNR) will hold 20%, and Main Street 1549 Proprietary Limited will have a 10% participating interest.

Share this article

Follow LNG World News

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >