https://newsletter.en.creamermedia.com
Africa|Energy|Exploration|Water
Africa|Energy|Exploration|Water
africa|energy|exploration|water

TotalEnergies acquires an interest in Orange Basin offshore exploration licence

6th March 2024

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

Energy company TotalEnergies has acquired, with its partner State-owned QatarEnergy, participating interests in Block 3B/4B offshore of South Africa from Africa Oil South Africa, Azinam and Ricocure.

Block 3B/4B is adjacent to the Deep Water Orange Basin licence operated by TotalEnergies, in which it has a 50% stake, alongside QatarEnergy wth 30% and Sezigyn with a 20% stake.

After the transaction, TotalEnergies will hold a 33% participating interest in Block 3B/4B and will become the operator, while QatarEnergy will hold a 24% interest.

The remaining interests will be held by existing licence holders, with Africa Oil South Africa holding a 17% stake, Ricocure 19.75% and Azinam 6.25%.

The transaction is subject to final approvals from relevant authorities, TotalEnergies says.

Block 3B/4B covers an area of 17 581 km2 and is located within the prolific Orange basin, 200 km off the western coast of South Africa.

“Following the Venus success in Namibia, TotalEnergies is continuing to progress its exploration effort in the Orange basin by entering this promising exploration licence in South Africa,” says TotalEnergies exploration senior VP Kevin McLachlan.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine video image
Magazine round up | 29 November 2024
29th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.202 0.303s - 204pq - 2rq
Subscribe Now