QatarEnergy acquires interests in PEL 90 offshore Namibia

Following increased ownership in the Venus discovery, QatarEnergy has now acquired a 27.5% working interest in petroleum exploration license 90 (PEL 90) within Block 2813B offshore Namibia 

This reshuffles the license ownership that includes Chevron-subsidiary Harmattan Energy Limited (52.5%) as operator, followed by QatarEnergy (27.5%), National Petroleum Corporation of Namibia- NAMCOR (10%) and Custos-subsidiary Trago Energy (10%). Sintana Energy maintains a 49% indirect interest in Custos.

Previously, QatarEnergy entered into an agreement with TotalEnergies to acquire an additional 5.25% interest in block 2913B (PEL 56) and an additional 4.695% interest in block 2912 (PEL 91).

Commencing initial drilling

Around 200 kms offshore Namibia’s Orange Basin, Block 2813B’s license covers an area of 5,433 kms in a water depth of 2,400 to 3,300 m.

Northern Ocean’s semisubmersible drilling rig Deepsea Bollsta will be mobilised to PEL 90 to drill the Kapana-1X well this month.

“The entry of QatarEnergy into PEL 90 provides further evidence of the quality and potential of our portfolio at the heart of the Orange Basin,” said Robert Bose, CEO of Sintana Energy. “We look forward to the initial drilling campaign on PEL 90 to commence over the next few weeks.” 

Namibia is looking towards world-class drilling campaigns as companies such as Baker Hughes and Halliburton set up shop in the country.