QatarEnergy agrees to buy 25% stake in Namibia’s PEL 82 from Chevron
CVX•QatarEnergy agreed to acquire a 25% stake in Namibia’s offshore PEL 82 exploration license from Chevron. Chevron will retain operatorship with a 55% stake, subject to regulatory approvals.
1. Stake sale
QatarEnergy agreed to acquire a 25% stake in Namibia’s offshore PEL 82 exploration license from Chevron, which will retain operatorship and a 55% stake, down from 80%. Sintana Energy’s 49% indirect interest in Custos remains unchanged; Custos holds 10% of PEL 82. NAMCOR will retain its 10% stake. Completion is subject to regulatory approvals.
