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QatarEnergy has acquired a 27.5% stake in a drilling license offshore Namibia, with drilling expected to start this month, Sintana Energy said in a Dec. 16 press release.
PEL 90 (petroleum exploration license) is about 200 km offshore in Namibia’s Orange Basin operated by Harmattan Energy Ltd., an indirect subsidiary of Chevron Corp. Chevron Harmattan, the operator, will own 52.5% of the joint venture.
Namibia’s state-owned oil company and Trago Energy will each own 10%. Trago is a wholly owned subsidiary of Custos Energy Ltd. Sintana has a 49% indirect interest in Custos.
The joint venture contracted Northern Ocean’s semi-submersible drilling rig Deepsea Bollsta for its first exploration campaign in PEL 90. The rig is setting up to drill the Kapana-1X well in December, Sintana said.
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