Jan 10 (LNGJ) - TotalEnergies has signed an agreement to acquire bigger stakes in offshore oil and gas fields in the southwest African nation of Namibia along with partner and leading LNG produce QatarEnergy. The French major’s deal is with Impact Oil and Gas Namibia for an additional 10.5 percent participating interest in block 2913B and an additional 9.39 percent participating interest in block 2912, both operated by TotalEnergies in Namibia.
The deals would give TotalEnergies a 45.25 percent interest in block 2913B containing the Venus discovery and its light oil and associated gas and a 42.5 percent interest in block 2912. The Impact company will retain a 9.5 percent interest in each licence. “This transaction not only increases our share in the Venus discovery and remaining prospectivity on these blocks, but also represents a key step toward the development of Venus by consolidating the partnership and securing financing,” said Patrick Pouyanné, Chairman and Chief Executive of TotalEnergies.
