TotalEnergies and QatarEnergy have signed an agreement to buy participating interests in Block 3B/4B offshore South Africa.
TotalEnergies and QatarEnergy are expanding their efforts to explore for oil and gas in the Orange Basin offshore Namibia by acquiring a nearby license in the basin in South African waters. TotalEnergies and its partner QatarEnergy have signed an agreement to buy participating interests in Block 3B/4B offshore South Africa from the companies Africa Oil South Africa, Azinam, and Ricocure, the French supermajor said on Wednesday.
QatarEnergy’s president and chief executive, Saad Sherida Al-Kaabi, said, “The farm-in to Block 3B/4B builds on our presence in the prolific Orange Basin.” “We look forward to working together with our partners and the relevant government entities in South Africa to further assess this block’s potential,” said Al-Kaabi, who is also Qatar’s Minister of State for Energy Affairs.
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