Energy and oilUpdated November 9

Chevron would operate PEL82 after QatarEnergy deal

The agreement is for an exploration stake, not a discovery, and QatarEnergy would not be the operator. After completion, Chevron would operate PEL82 with a 55% share; QatarEnergy would hold 25%, while Namcor and Custos Energy would each hold 10%. The license covers offshore areas 2112B and 2212A. The agreement still needs customary official approvals.

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Coverage started November 9