ACCESS Newswire·Nov 10, 2026, 2:00 AM ET

PEL 82 - QatarEnergy to Acquire 25% Participating Interest from Chevron

QatarEnergy agreed to acquire a 25% participating interest in Petroleum Exploration Licence 82 (PEL 82) offshore Namibia from an affiliate of Chevron Corporation.
Sintana Energy Inc. holds an indirect 49% interest in Custos Energy, which maintains an unchanged 10% interest in PEL 82 following the transaction.
Upon completion, Chevron will retain operatorship with a reduced 55% interest, while QatarEnergy will hold 25%, & both NAMCOR & Custos will each hold 10%.
The transaction completion remains subject to customary regulatory approvals, & the consideration payable to Chevron has not been disclosed.
PEL 82 covers 11,450 km² in the Walvis Basin with water depths ranging from 350 to 2,300 metres & has existing seismic data covering approximately 70% of the area.
No reserves or resources have been attributed to PEL 82, which is currently in an exploration period & includes the Wingat-1 & Murombe-1 wells.
Sintana CEO Robert Bose stated the deal confirms the quality of the company's Namibian portfolio & noted that Sintana retains exposure to the licence's prospectivity through Custos.