QatarEnergy Expands Its Footprint in Namibia with 25% Stake in Offshore Block.

QatarEnergy has signed an agreement to acquire a 25% stake in Namibia’s offshore exploration block PEL82 from Chevron, further expanding its presence in the country.

Following completion, subject to regulatory approval, Chevron will remain the operator with a 55% interest, while Namcor E&P and Custos Energy will each hold 10%.

Covering approximately 11,444 km² offshore Namibia, PEL82 offers exploration opportunities in water depths of 350 to 2,300 metres. QatarEnergy highlighted the agreement as a step towards strengthening its partnership with Chevron, diversifying its international portfolio and advancing exploration activities in Namibia.

Source: Communiqué QatarEnergy

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