QatarEnergy has signed a Memorandum of Understanding (MoU) with the Ministry of Mines and Energy of the Republic of Namibia to strengthen cooperation in the energy sector. The agreement was signed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and His Excellency Mr. Tom Alweendo, Minister of Mines & Energy of the Republic of Namibia in a special signing ceremony held at QatarEnergy’s headquarters in Doha.

The signing of co-operation agreement is coming barely a month to the QatarEnergy and partners’ announcement of 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 to determine the size and recoverable potential of the discovery.

The PEL-39 Exploration License is held by a consortium comprised of QatarEnergy (with a 45% working interest), Shell (Operator with a 45% working interest) and the National Petroleum Corporation of Namibia “NAMCOR” (with a 10% working interest).

This announcement follows two similar announcements by QatarEnergy in February 2022 of oil discoveries in the Graff-1 well and in the Venus-1X prospect, both located in the Orange Basin offshore Namibia. In addition to the PEL-39 Exploration License, QatarEnergy also holds interests in PEL-56 (30%) and PEL-91 (28.33%) in offshore Namibia covering a total area of 28,327 km2.

The MoU paves the way for continued cooperation and covers key areas such as knowledge sharing, workforce development and exploring further investment opportunities in Namibia.

 “We are pleased to further enhance our cooperation with the Government of Namibia and build on our recent successes. This agreement further strengthens our relationship as we work jointly towards a prosperous future,” His Excellency Minister Al-Kaabi said.