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Add as a preferred source on GoogleQatarEnergy Agrees to Buy 25% of Namibia Exploration License
The license covers blocks 2112B and 2212A, and the agreement remains subject to customary regulatory approvals.
QatarEnergy agreed Monday, Nov. 9, to acquire a 25% stake in Namibia’s Petroleum Exploration License 0082, expanding its footprint in the country as it adds an exploration asset to its African holdings.
The license, known as PEL82, comprises blocks 2112B and 2212A. QatarEnergy will acquire the stake from Chevron Namibia Exploration II Limited, a Chevron subsidiary.
The agreement is subject to customary regulatory approvals. Financial terms were not disclosed.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.