Qatar Petroleum Enters Exploration Agreement In Angola

Saad Sherida Al-Kaabi, Minister of State for Energy, President and CEO of Qatar Petroleum, said: “On our journey to build a first-class exploration portfolio, securing the interests of promising exploration blocks in different regions, we are pleased to be part of this exciting deepwater opportunity in Angola, a leading oil and gas producing country. In 2018, Total and Sonangol agreed to a 50-50 partnership in Block 48 of DeepWater Exploration as part of a risk service agreement. The block of a drilling point covers an area of 3,600 km2 and will be drilled as part of a 2020-2021 drilling program. The farm-in agreement, whereby one party owns the area and another, for interest, drills is subject to the approvals of the Angolan government. The farm-in agreement is subject to the usual authorisations of the Angolan government. After receipt, Total, as operator, will hold 40% of the block, while Sonangol and Qatar Petroleum will each hold 30%. Qatar Petroleum said on Tuesday that the farm-in agreement was subject to the usual authorizations of the Angolan government. Qatar Petroleum has entered into a farm-in agreement with Sonangol, Angola`s national oil company, and Total to acquire a 30% stake in Block 48 off Angola. The block, which lies in ultra-deep waters off the Unterkongo Basin, will be drilled as part of a 2020-2021 drilling program. It covers an area of approximately 3,600 square kilometres. The Angolan LNG project led by Chevron has reportedly launched a tender for… After recovery, the respective shares of Block 48 are: Total (40% – operator), Sonangol (30%) Qatar`s oil and oil (30%).

(Reporting by Dahlia Nehme and Nafisa al Taher; letter from Dahlia Nehme; Cut by Jan Harvey and Barbara Lewis) . “This is our first opportunity in Angola with Sonangol and our long-time partner, Total, an experienced operator with a strong presence in the country. Heerema Marine Contractors` HGV ship Aegir has the installation of North Oil Comp… . According to Total, the drilling rig will soon be completed by the drilling vessels Maersk Voyager and West Gemini.

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