Total strengthens international partnership with Qatar Petroleum

Total and Qatar Petroleum have further strengthened their international partnership by signing agreements under which Qatar Petroleum will farm into Total-held exploration acreage in Namibia, Guyana and Kenya.

Under the deals, Total will transfer to Qatar Petroleum a 30% interest in Namibia’s block 2913B and retain a 40% interest. Total will also transfer to Qatar Petroleum 28.33% in block 2912 and retain 37.78%. The deepwater blocks are located in the Orange Basin, offshore Namibia. A first exploration well is scheduled to be drilled next year on block 2913B.

In Guyana, Qatar Petroleum will have 40% of the company holding Total’s existing 25% interests in the Orinduik and Kanuku blocks, adjacent to the Stabroek block in the prolific offshore Guyana Basin. Total will retain the remaining 60% of this company. Following the Jethro discovery on the Orinduik licence in August 2019, a second exploration well (Joe-1) is being drilled on the same block. A third (Carapa-1) is planned for later this year on the Kanuku license.

Meanwhile, in Kenya, Total will transfer (with Eni) a combined 25% interest in blocks L11A, L11B and L12 to Qatar Petroleum. Total’s interest will be reduced from 45% to 33.75%. All three blocks are located in Kenya’s deep offshore. An exploration well is planned for block L11B in 2020.