Upstream

QatarEnergy deepens ties with Namibia

Picture: QatarEnergy

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The state-owned national oil companies of Qatar and Namibia, QatarEnergy and NAMCOR E&P, have signed a Cooperation Agreement in Doha to deepen the energy cooperation between both countries.

Under the agreement, QatarEnergy will support NAMCOR E&P in the development of a sustainable upstream oil and gas sector in Namibia, notably by providing training and human capital development opportunities to NAMCOR employees.

Pursuant to the terms of the agreement, the two companies also agreed to work together on investment opportunities of mutual interest in Namibia’s upstream oil and gas sector.

QatarEnergy is already a key investor in Namibia’s oil & gas sector. The company has a 40% non-operated interest in PEL 39 where Shell just announced the Graff-1 discovery, and a 30% non-operated interest in Block 2913b where TotalEnergies just announced the Venus-1 discovery.

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