Qatar Petroleum is expanding global exploration footprint. As part of its strategy to expand overseas through strategic investments, Qatar Petroleum (QP) yesterday said that it has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana in Latin America.
Three exploration wells are planned in these blocks this year — two on the Orinduik block, including the Jethro well which is currently being drilled, and one on the Kanuku block.
Minister of State for Energy Affairs, and President & CEO of Qatar Petroleum, H E Saad bin Sherida Al Kaabi said: “We are pleased to expand our global exploration footprint into Guyana together with our valuable, long-term partner, Total, in these offshore blocks in this prospective basin. We hope that the exploration efforts are successful. I would like to take this opportunity to thank our partners and the government of Guyana for their collaboration in this effort, and we look forward to working together in these blocks.”
Qatar Petroleum last week strengthened its presence in Africa when it entered into an agreement with Eni and Total to acquire a 25 percent participating interest (13.75 percent from Eni and 11.25 percent from Total) in blocks L11A, L11B and L12 located offshore Kenya. The three offshore block (L11A, L11B and L12) are situated in what is considered to be a frontier and largely unexplored area in the Lamu basin east of Kenya. The blocks have a total area of approximately 15,000 square kilometers, with water depths ranging from about 1000 meters to 3,000 meters.
In April, QP won exploration rights in five offshore blocks in the North Argentina, and Malvinas West basins in Argentina. QP won the exploration rights for blocks MLO-113, MLO-117, and MLO-118 in the Malvinas West basin. QP also won the exploration rights for blocks CAN-107 and CAN-109 in the North Argentina basin. The exploration blocks offered during the public tender included 38 shallow, deep and ultra-deep water offshore blocks in the Austral, North Argentina, and Malvinas West basins. QP participated in the bid round as a non-operating partner.
In March, Qatar Petroleum entered into an agreement to acquire a stake in exploration of 12 offshore blocks along the coast of Morocco and another similar agreement for a stake in a block in Mozambique.
QP is an integrated national oil corporation responsible for the sustainable development of the oil and gas industry in the State of Qatar and beyond. Its activities include the exploration, production, processing, marketing and sales of oil and gas, liquefied natural gas (LNG), natural gas liquids, gas to liquids products, refined products, petrochemicals, fertilizers, steel and aluminum.
Qatar Petroleum is committed to contributing to building a better future by meeting economic needs, preserving the environment and natural resources for future generations.
