TotalEnergies, along with QatarEnergy, has signed an agreement with Azinam and Ricocure to acquire participating interests in Block 3B/4B offshore South Africa
Once the transaction stands effective post approval from all parties, TotalEnergies will get a 33% participating interest in Block 3B/4B and assume operatorship, while QatarEnergy will have a 24% interest.
The remaining interests will be held by existing license holders, Africa Oil SA (17%), Ricocure (19.75%) and Azinam (6.25%).
Located within the prolific Orange basin, 200 km off the western coast of South Africa, Block 3B/4B covers an area of 17,581 sq km. Block 3B/4B is adjacent to the DWOB license operated by TotalEnergies (50%) alongside QatarEnergy (30%) and Sezigyn (20%).
“Following the Venus success in Namibia, TotalEnergies is continuing to progress its Exploration effort in the Orange Basin, by entering this promising exploration license in South Africa,” said Kevin McLachlan, senior vice-president-exploration of TotalEnergies.
