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QatarEnergy Joins Namibia
QatarEnergy has acquired a 25% participating interest in the offshore PEL 82 exploration licence off the coast of Namibia from a Chevron subsidiary, subject to official approvals. Chevron, the operator, retains a 55% interest, while Namcor and Custos Energy each hold 10%. The licence covers an area of approximately 11,444 square kilometres, in waters ranging from 350 to 2,300 metres deep.
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