• QatarEnergy has acquired 27.5% WI in PEL 90 from Chevron. While no details have been disclosed, it's noteworthy that QatarEnergy is a partner of TotalEnergies on the adjacent PEL 56 license, where the Venus discovery is located. QatarEnergy is also a partner of Shell on PEL 39.
• We view QatarEnergy’s decision to enter PEL 90 as a very positive sign regarding the block's prospectivity.
• A rig is mobilizing to PEL 90 to drill the Kapana-1X well in the second half of December.
• This is an ult ....
