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    1. General Interest

    Petrobras to acquire Orange basin deepwater stake

    Oct. 2, 2024
    Petrobras agreed to acquire from TotalEnergies a 10% stake in the Deep Western Orange Basin block in South Africa.
    Map from Petrobras.
    Deep Western Orange Basin (DWOB) block offshore South Africa.
    Deep Western Orange Basin (DWOB) block offshore South Africa.

    Petrobras agreed to acquire from TotalEnergies a 10% stake in the Deep Western Orange Basin (DWOB) block offshore South Africa after receiving approval from its board of directors.

    The 3,000 sq km block borders Namibia to the north and PEL 39, areas of discoveries by TotalEnergies, Shell, Galp Energia SGPS SA, and Africa Oil Corp. (OGJ Online, Aug. 27, 2024, OGJ Online, Nov. 27, 2023). 

    TotalEnergies is operator of the DWOB block with 40% interest. Partners are QatarEnergy (30%), Sezigyn Pty. (20%), and Petrobras (10%).

    About the Author

    Alex Procyk | Upstream Editor

    Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).

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