QatarEnergy has acquired a participating interest in an offshore exploration block in Namibia from Chevron Namibia Exploration II, a subsidiary of Chevron, according to a press release on November 9.

Under the agreement, QatarEnergy will acquire a 25% interest in Petroleum Exploration License 0082 (PEL82), which includes two exploration blocks. The agreement is still subject to customary regulatory approval.

The PEL82 exploration license covers an area of approximately 11,444 square kilometers offshore Namibia, in water depths ranging from 350 to 2,300 meters.

Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy, said: “We are pleased to further strengthen our relations with Chevron through this agreement, and to expand and diversify our footprint in Namibia”.

QatarEnergy has expanded its African upstream portfolio through investments in oil and gas exploration and production, particularly offshore. Its key markets include Namibia, Egypt, South Africa and the Republic of the Congo.

The company has pursued opportunities through partnerships with major energy firms, including TotalEnergies, Eni, Shell and ExxonMobil. Notable developments include exploration interests in Namibia, Egypt, Congo and Libya.