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>

<< Oct 2019 >>
MTWTFSS
30 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 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >