Total partners with Qatar Petroleum for exploration block 11B/12B in South Africa

Total QatarThe partnership aims to extend Total’s cooperation in exploration activities in Africa. (Image source: Gary Bembridge/Flickr)Total has signed an agreement to sell a 25 per cent interest in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum

The transaction remains subject to regulatory approval, said Total. “This transaction enhances the partnership on Block 11B/12B in preparation for the high potential exploration well scheduled to be drilled on the block at the end of 2018,” commented Arnaud Breuillac, president for exploration and production at Total.

Commenting on the agreement, Saad Sherida Al-Kaabi, president and CEO of Qatar Petroleum, said, “This is an important milestone in our strategy to expand our international upstream footprint. We hope that the exploration efforts are successful and we look forward to collaborating with Total, CNR, Main Street and the South African authorities on this project.”

The Block 11B/12B is located in the Outeniqua Basin, around 175km off the southern coast of South Africa, and covers an area of 19,000 sq km with water depths ranging from 200m to 1,800m.

Upon receiving all regulatory approvals, Total is set to hold a stake of 45 per cent, with Qatar Petroleum holding 25 per cent, CNR international 20 per cent and Main Street 10 per cent in the block.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?