QatarEnergy to buy 25% stake in Chevron’s Namibia offshore PEL‑82 license
QatarEnergy has signed an agreement to acquire a 25% participating interest in Petroleum Exploration License 0082 (PEL‑82) from Chevron Namibia. Chevron will keep a 55% share and remain the operator, while Namibia’s state‑owned Namcor and private Custos Energy each retain 10%. The transaction covers roughly 11,450 km² in water depths of 350 m to 2,300 m and is subject to regulatory approval.
Why it matters
The company says the deal adds a fourth Namibian offshore license to its portfolio, expanding its Atlantic exploration footprint (source). Because the purchase price is undisclosed and the deal awaits approval, no immediate financial impact is confirmed.
Key facts
- 1QatarEnergy will acquire a 25% participating interest in PEL‑82 from Chevron. rigzone.com
- 2Chevron will retain a 55% interest and remain the operator of the license. rigzone.com
- 3Namcor and Custos Energy will each hold a 10% interest. rigzone.com
- 4The license covers nearly 11,450 square kilometers. rigzone.com
- 5Water depth in the area ranges from 350 meters to 2,300 meters. rigzone.com
- 6The transaction is pending customary regulatory approvals. rigzone.com
Summary written by AlphAI AI Desk from 20 of 24 sources. Not investment advice. Figures are as stated by the linked sources.