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>

<< Feb 2019 >>
MTWTFSS
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 1 2 3

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year from 19-20 February 2019 in Tokyo, Japan…

read more >

Global LNG Forum 2019

Global LNG Forum is your opportunity to see what the future of LNG will be like…

read more >

LNG2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.

read more >