{"id":11373,"date":"2021-12-14T08:11:03","date_gmt":"2021-12-14T08:11:03","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=11373"},"modified":"2021-12-14T08:11:03","modified_gmt":"2021-12-14T08:11:03","slug":"egypt-qatarenergy-acquires-working-interest-in-two-offshore-blocks","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-qatarenergy-acquires-working-interest-in-two-offshore-blocks\/","title":{"rendered":"EGYPT: QatarEnergy Acquires Working Interest in Two Offshore Blocks"},"content":{"rendered":"<div>QatarEnergy entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea.<\/div>\n<div>Under the terms of the agreements, which are subject to customary approvals by the government of Egypt, QatarEnergy will hold a 17% working interest in Red Sea Blocks 3 and 4.<\/div>\n<div><\/div>\n<div>Commenting on concluding these agreements, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy said: \u201cWe are pleased with this important development, as it represents QatarEnergy\u2019s entry into the Arab Republic of Egypt\u2019s well-established upstream oil and gas sector and offers an opportunity for the consortium partners to explore this frontier acreage.\u201d<\/div>\n<div><\/div>\n<div>His Excellency Minister Al-Kaabi added, \u201cWe are also delighted to have the opportunity to work with our strategic partner Shell, and to further develop our relationship with the Egyptian Ministry of Petroleum and Mineral Resources, Egypt\u2019s Tharwa Petroleum Company, and the other partners, whilst also pushing forward with QatarEnergy\u2019s upstream growth strategy. I would like to thank the Egyptian authorities and our partners for their valuable support and cooperation.\u201d<\/div>\n<div><\/div>\n<div>Block 3 was awarded to Shell in late 2019 and covers an area of 3,097 square kilometers in water depths of 100 to 1,000 meters. Block-4 was also awarded to Shell in late 2019 and covers an area of 3,084 square kilometers in water depths of 150 to 500 meters. Upon closing of the relevant agreements, the working interests in the two blocks will be as follows:<\/div>\n<div>&#8211; Block 3: Shell (Operator &#8211; 43%), BHP (30%), Tharwa Petroleum Company (10%) and QatarEnergy (17%).<\/div>\n<div>&#8211; Block 4: Shell (Operator &#8211; 21%), Mubadala (27%), BHP (25%), Tharwa Petroleum Company (10%) and QatarEnergy (17%).<\/div>\n","protected":false},"excerpt":{"rendered":"<p>QatarEnergy entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea. Under the terms of the agreements, which &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/egypt-qatarenergy-acquires-working-interest-in-two-offshore-blocks\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":11374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[246,275,282,9184,1652,9823,2297,9886],"class_list":["post-11373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-bhp","tag-block-3","tag-block-4","tag-egypr","tag-mubadala","tag-qatarenergy","tag-shell","tag-tharwa-petroleum-company","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/QatarEnergy-Egypt-Blocks.png?fit=800%2C800&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2Xr","jetpack-related-posts":[{"id":13984,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-eni-qatarenergy-bp-awarded-block-egy-med-e8\/","url_meta":{"origin":11373,"position":0},"title":"EGYPT:  ENI, QatarEnergy, BP Awarded Block EGY-MED-E8","author":"","date":"October 6, 2023","format":false,"excerpt":"An Eni led consortium also consisting of QatarEnergy and BP has been awarded a new exploration block offshore the Arab Republic of Egypt as part of the 2022 EGAS International Bid Round.\u00a0 The results of the competitive bid process were announced by Egypt\u2019s Ministry of Petroleum and Mineral Resources, awarding\u2026","rel":"","context":"In \"Block EGY-MED-E8\"","block_context":{"text":"Block EGY-MED-E8","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/block-egy-med-e8\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/10\/Egypt-Eni-BP-QatarEnergies-block.png?fit=800%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/10\/Egypt-Eni-BP-QatarEnergies-block.png?fit=800%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/10\/Egypt-Eni-BP-QatarEnergies-block.png?fit=800%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/10\/Egypt-Eni-BP-QatarEnergies-block.png?fit=800%2C800&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15264,"url":"https:\/\/www.oilnewskenya.com\/index.php\/energy-qatarenergy-acquires-interest-in-north-cleopatra-exploration-block\/","url_meta":{"origin":11373,"position":1},"title":"ENERGY: Qatarenergy Acquires Interest In North Cleopatra Exploration Block","author":"","date":"October 7, 2025","format":false,"excerpt":"QatarEnergy has entered into an agreement with Shell to acquire a 27% participating interest in the North Cleopatra block offshore the Arab Republic of Egypt. Under the terms of the agreement, which is subject to approval by the Egyptian government, Shell will retain a 36% participating interest as operator. The\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/10\/QatarEnergy-North-Cleopatra.jpg?fit=960%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/10\/QatarEnergy-North-Cleopatra.jpg?fit=960%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/10\/QatarEnergy-North-Cleopatra.jpg?fit=960%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/10\/QatarEnergy-North-Cleopatra.jpg?fit=960%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15186,"url":"https:\/\/www.oilnewskenya.com\/index.php\/congo-qatarenergy-awarded-exploration-license-for-the-nzombo-offshore-block\/","url_meta":{"origin":11373,"position":2},"title":"CONGO: QatarEnergy Awarded Exploration License for the Nzombo offshore block","author":"","date":"September 5, 2025","format":false,"excerpt":"QatarEnergy and its partners were awarded an exploration license for the Nzombo offshore block in the Republic of Congo. Under the terms of the Production Sharing Contract signed with the Congolese Government, QatarEnergy will hold a 35% participating interest in the block. TotalEnergies affiliate in Congo (the operator), will hold\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/09\/QatarEnergy_Awarded_Offshore_Exploration_License_in_the_Republic_of_Congo.png?fit=800%2C1000&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/09\/QatarEnergy_Awarded_Offshore_Exploration_License_in_the_Republic_of_Congo.png?fit=800%2C1000&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/09\/QatarEnergy_Awarded_Offshore_Exploration_License_in_the_Republic_of_Congo.png?fit=800%2C1000&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/09\/QatarEnergy_Awarded_Offshore_Exploration_License_in_the_Republic_of_Congo.png?fit=800%2C1000&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13393,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-shell-makes-oil-discovery-in-the-jonker-1x-deep-water-exploration-well\/","url_meta":{"origin":11373,"position":3},"title":"NAMIBIA: Shell Makes Oil Discovery in the Jonker-1X Deep-water Exploration Well","author":"","date":"March 6, 2023","format":false,"excerpt":"QatarEnergy announced a light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia. The Jonker-1X well was drilled to a total depth of 6,168 meters in a water depth of 2,210 meters. The acquired data is being evaluated while further appraisal is planned\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/Namibia-QatarEnergy-Announces-Jonker-1X-Discovery.png?fit=800%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/Namibia-QatarEnergy-Announces-Jonker-1X-Discovery.png?fit=800%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/Namibia-QatarEnergy-Announces-Jonker-1X-Discovery.png?fit=800%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/Namibia-QatarEnergy-Announces-Jonker-1X-Discovery.png?fit=800%2C800&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11253,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-totalenergies-spuds-venus-1x-exploration-well-in-offshore-block-2913b\/","url_meta":{"origin":11373,"position":4},"title":"NAMIBIA: TotalEnergies Spuds Venus-1X exploration well in offshore Block 2913B","author":"","date":"December 1, 2021","format":false,"excerpt":"Block 2913B JV partner Impact Oil & Gas Limited has announced the spud of the Venus-1X offshore exploration well in Namibia Block 2913B (PEL 56). The well is being drilled in 3,000m water depth by the Maersk Voyager drillship. Petroleum Exploration Licence 56, Block 2913B, is located offshore southern Namibia\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/namibia-Venus-1x.png?fit=1200%2C665&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/namibia-Venus-1x.png?fit=1200%2C665&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/namibia-Venus-1x.png?fit=1200%2C665&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/namibia-Venus-1x.png?fit=1200%2C665&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/namibia-Venus-1x.png?fit=1200%2C665&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":14245,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-totalenergies-qatarenergy-acquire-participating-interest-in-block-3b-4b-assumes-operatorship\/","url_meta":{"origin":11373,"position":5},"title":"SOUTH AFRICA: TotalEnergies , QatarEnergy Acquire Participating Interest in Block 3B\/4B Assumes Operatorship","author":"","date":"March 6, 2024","format":false,"excerpt":"TotalEnergies has signed, together with its partner QatarEnergy, an agreement to acquire participating interests in Block 3B\/4B, offshore South Africa, from Africa Oil South Africa, Azinam (a wholly owned subsidiary of Eco Atlantic Oil and Gas) and Ricocure. Following completion of the transaction, TotalEnergies will hold a 33% participating interest\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/03\/South-Africa-TotalEnergies-Blocks.png?fit=661%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/03\/South-Africa-TotalEnergies-Blocks.png?fit=661%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/03\/South-Africa-TotalEnergies-Blocks.png?fit=661%2C659&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=11373"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11373\/revisions"}],"predecessor-version":[{"id":11375,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11373\/revisions\/11375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/11374"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=11373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=11373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=11373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}