QatarEnergy announced on May 12 that it has signed a memorandum of understanding with TotalEnergies, ConocoPhillips, and the Syrian Petroleum Company to cooperate in oil and gas exploration offshore the Syrian Arab Republic.
The agreement is significant as it outlines plans for technical review and evaluation of Block 3, located offshore Syria. This sets a framework for further technical and commercial discussions among the involved parties.
According to QatarEnergy, the signing took place at its headquarters in Doha. His Excellency Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, attended the event along with senior executives from all participating companies.
“This agreement reflects QatarEnergy’s continued international growth strategy and its efforts to explore upstream oil and gas business development opportunities in the region and globally,” said Al-Kaabi. He also said: “We are pleased to partner with the Syrian Petroleum Company to explore potential opportunities that can support growth and prosperity for the people of the Syrian Arab Republic. We look forward to working closely with our international partners, TotalEnergies and ConocoPhillips, as well as other relevant stakeholders to assess this opportunity.”
Block 3 is situated in the Levantine Basin in eastern Mediterranean waters off Latakia, Syria. The area covers water depths ranging from 100 meters up to 1,700 meters.
