The MOU will cover areas such as assessing additional investment opportunities in this southern African country.
QatarEnergy and the Namibian Ministry of Mines and Energy have signed a memorandum of understanding to strengthen their energy company.
Through the MOU, both sides will continue to cooperate and work in areas such as workforce development, knowledge sharing and exploring new investment opportunities in this southern African country.
Commentant le protocole d’accord, le président-directeur général de QatarEnergy et ministre d’État aux affaires énergétiques du Qatar, Saad Sherida Al-Kaabi, a déclaré : « Nous sommes ravis de renforcer encore notre coopération avec le gouvernement namibien et de nous appuyer sur nos récents succès. Cet accord renforce encore notre relation alors que nous travaillons ensemble vers un avenir prospère. »
Recently, QatarEnergy and its partners discovered oil in the Jonker-1X well in the Orange Basin off the south of Namibia.
The Jonker-1X well was drilled to a total depth of 6,168 m in 2100 m using the Deepsea Bollsta semi-underwater platform and confirmed the presence of a reservoir containing light oil.
Shell is the operator of the Namibian block with a 45% stake while QatarEnergy and National Petroleum Corporation of Namibia hold 45% and 10% of the coins respectively.
The discovery is in addition to the two previous discoveries of oil and associated gas made in 2022 in the same basin.
Currently, QatarEnergy holds interests in three exploration licences off the coast of Namibia covering a total area of over 28,000 km². These include PEL-39 (45%), PEL-56 (30%) and PEL-91 (28.33%).