QatarEnergy has entered into a significant accord with Chevron Corporation CVX to acquire a 23% stake in Egypt’s offshore North El-Dabaa (H4) block. The block is located 10 kilometers off the Mediterranean coast in Egypt,

QatarEnergy said Monday it entered into an agreement with Chevron (NYSE:CVX) to acquire a 23% working interest in the concession agreement for North El-Dabaa H4 Block in the Mediterranean Sea offshore Egypt;

And in the same month QatarEnergy was part of a consortium that agreed to develop the second phase of the Sépia oil and gas field, 200km off the coast of Brazil. QatarEnergy repo

QatarEnergy will buy a 23% stake from Chevron in an offshore exploration block in Egyptian waters, it said on Monday.

QatarEnergy has entered into an agreement with Chevron to acquire a 23% working interest in the concession agreement for the North El-Dabaa (H4) Block, in the Mediterranean Sea offshore Egypt.