DUBAI, Nov 11 (Reuters) - QatarEnergy will buy a 23%

stake from Chevron ( CVX ) in an offshore exploration block in

Egyptian waters, it said on Monday.

QatarEnergy has in recent years acquired stakes in oil and

gas basins including in Guyana, Lebanon, Namibia and South

Africa as part of a strategy to expand its global footprint.

Chevron ( CVX ) will keep a 40% share in the concession agreement

for the North El-Dabaa (H4) block in the Mediterranean Sea

following the deal, QatarEnergy said in a statement.

Woodside owns 27% and Egyptian state-owned Tharwa Petroleum

Company owns 10% of the block, which is about 10 kilometres

offshore with depths between 100 metres (328.08 ft) and 3,000

metres.

"This agreement demonstrates our commitment to the oil and

gas sector in the Arab Republic of Egypt, and further

strengthens our partnership with our valued partner Chevron ( CVX ),"

QatarEnergy Chief Executive Saad al-Kaabi, also Qatar's state

minister for energy, said in the statement.

(Writing by Yousef Saba; editing by Barbara Lewis)