QP farm-in throws spotlight on Namibian potential
The Qatari NOC is betting on the promise of Total’s Orange Basin play
A farm-in by Qatar Petroleum (QP) on acreage operated by Total in Namibia is the latest in a series of similar tie-ups between the two firms around the world. But it also reflects hopes that Namibia’s share of the Orange Basin, which straddles the border with South Africa, could be on the brink of becoming a major oil play. QP is to take a 30pc interest in Block 2913B, leaving Total with a 40pc holding. The other partners are Impact Oil and Gas (20pc), and state oil firm Namcor (10pc). On the adjacent Block 2912, QP will hold a 28.33pc stake, Total will hold 37.78pc, Impact Oil 18.89pc and Namcor 15pc. The deals are subject to approvals by Namibian regulators and the partners. Early attentio
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