QatarEnergy buys 23% stake in Egypt's North El-Dabaa offshore block from Chevron.

QatarEnergy has acquired a 23% stake in the North El-Dabaa (H4) Block offshore Egypt from Chevron, joining the operator, which holds 40%, Woodside with 27%, and Tharwa Petroleum Company with 10%. The block is located 10 kilometers off Egypt's Mediterranean coast, with depths from 100 to 3,000 meters. This move underscores QatarEnergy's commitment to Egypt's oil and gas sector and strengthens ties with Chevron.

November 11, 2024
17 Articles