INTERNATIONAL NEWS

Total, Qatar Petroleum Extend Partnership To Namibia

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 30percent interest in block 2913B, while retaining a 40percent interest; and 28.33percent in block 2912, retaining 37.78percent.

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 40percent of the company holding Total’s existing 25percent interests in the Orinduik and Kanuka blocks offshore Guyana, with Total keeping the remaining 60percent of this company.

Drilling has started 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 25percent interest of deep-water blocks L11A, L11B and L12 offshore Kenya to QP, with Total’s interest cut to 33.75percent. The partners plan an exploration well on block L11B in 2020.

Source: Offshore

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