Block 2813B (PEL0090) lies 200km offshore Namibia, 70km north of QatarEnergy’s Venus discovery. Credit: QatarEnergy.

QatarEnergy has expanded its upstream portfolio in Namibia by acquiring a 27.5% working interest in the petroleum exploration licence and petroleum agreement for offshore block 2813B.

Block 2813B (PEL0090) is located roughly 200km offshore Namibia and around 70km north of QatarEnergy’s Venus discovery. The licence spans 5,433km², with water depths ranging from 2,400m to 3,300m.

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The interest was secured through an agreement with Harmattan Energy Limited (HEL), an indirect subsidiary of Chevron. HEL will remain the operator with a 52.5% interest.

The remaining interests in Block 2813B are held by Trago Energy  and the National Petroleum Corporation of Namibia, each with a 10% stake.

Qatar Minister of State for Energy Affairs and QatarEnergy president and CEO Saad Sherida Al-Kaabi said: “This agreement demonstrates our commitment to continue expanding our upstream footprint in Namibia, and the strengthening of our partnership with our valued partner Chevron.”

Al-Kaabi added: “Following successful drilling operations in our other acreage in Namibia, we look forward to soon begin drilling the first exploration well on this block. I would like to take this opportunity to thank the Namibian authorities and our partners for their support.”

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In November 2024, QatarEnergy announced an agreement with TotalEnergies to acquire additional stakes in two offshore blocks in Namibia’s Orange Basin.

The deal adds a 5.25% interest in block 2913B (PEL 56) and a 4.695% interest in block 2912 (PEL 91), raising QatarEnergy’s holdings to 35.25% in block 2913B and 33.025% in block 2912.

Last month, QatarEnergy also signed an agreement to acquire a 23% stake in the North El-Dabaa (H4) offshore exploration block in Egyptian waters from Chevron.

Located in the Mediterranean Sea, around 10km offshore, the block has water depths ranging from 100m to 3,000m.

Following the deal, Chevron will remain the operator with a 40% stake, while Woodside and Egypt’s Tharwa Petroleum Company retain their 27% and 10% stakes, respectively.