Total, Qatar Petroleum extend partnership to Namibia

Pending government approvals, Total will transfer to QP a 30% interest in block 2913B offshore Namibia, while retaining a 40% interest; and 28.33% in block 2912, retaining 37.78%.
Pending government approvals, Total will transfer to QP a 30% interest in block 2913B offshore Namibia, while retaining a 40% interest; and 28.33% in block 2912, retaining 37.78%.
(Courtesy Qatar Petroleum)

Offshore staff

PARIS – Total has signed a further farm-out agreement with Qatar Petroleum (QP), this time for two deepwater blocks offshore Namibia.

Pending government approvals, Total will transfer to QP a 30% interest in block 2913B, while retaining a 40% interest; and 28.33% in block 2912, retaining 37.78%.

Both permits are in the Orange basin, in water depths ranging from 2,600-3,800 m (8,530-12,467 ft). Other partners are Impact Oil and Namcor.

The first exploration well is due to be drilled next year on block 2913B. It follows earlier agreements under which QP gains 40% of the company holding Total’s existing 25% interests in the Orinduik and Kanuku blocks offshore Guyana, with Total keeping the remaining 60% of this company.

Drilling started today on the Joe-1 well on the Orinduik license and the Carapa-1 well should spud later this year on Kanuku.

With Eni, Total also committed recently to transfer 25% interest of deepwater blocks L11A, L11B and L12 offshore Kenya to QP, with Total’s interest cut to 33.75%. The partners plan an exploration well on block L11B in 2020.

Elsewhere, QP partners with Total in its operations offshore Congo and South Africa.

08/27/2019

More in Deepwater