TotalEnergies has signed, together with its partner QatarEnergy, an agreement to acquire participating interests in Block 3B/4B, offshore South Africa, from Africa Oil South Africa, Azinam (a wholly owned subsidiary of Eco Atlantic Oil and Gas) and Ricocure.

Following completion of the transaction, TotalEnergies will hold a 33 per cent participating interest in Block 3B/4B and assume operatorship, while QatarEnergy will hold a 24 per cent interest.

The remaining interests will be held by existing licence holders, Africa Oil SA (17%), Ricocure (19.75%) and Azinam (6.25%). The transaction is subject to final approvals from relevant authorities.

Located within the prolific Orange basin, 200 kilometres off the western coast of South Africa, Block 3B/4B covers an area of 17,581 square kilometres. Block 3B/4B is adjacent to the DWOB licence operated by TotalEnergies (50%) alongside QatarEnergy (30%) and Sezigyn (20%).

“Following the Venus success in Namibia, TotalEnergies is continuing to progress its Exploration effort in the Orange Basin, by entering this promising exploration licence in South Africa,” said Kevin McLachlan, Senior Vice-President Exploration of TotalEnergies.