Chevron acquires 80% working interest in offshore Namibia license from Namcor The National Petroleum Corporation of Namibia (NAMCOR NAMIBIA) has signed a Farm-Out Agreement with Chevron Namibia Exploration Limited (CNEL), a subsidiary of Chevron Global Energy Inc. Under the agreement, CNEL will acquire an 80% operating working interest in Petroleum Exploration License 82 (PEL 82), situated in the prolific Walvis Basin, offshore Namibia. Under the terms of the agreement, state-owned NAMCOR and Custos Energy will each retain a 10% carried interest. "This strategic collaboration underscores NAMCOR’s commitment to enhancing the exploration potential and development of Namibia’s offshore resources, specifically in the underexplored basins in Namibia that hold much promise," said Uanguta Ebson, Interim Managing Director of NAMCOR. https://lnkd.in/gAta3NSd #namibia #oilandgas #oilexploration #orangebasin Namibia Petroleum Operators Association (NAMPOA) Namibia Investment Promotion and Development Board (NIPDB) Tom Alweendo Knowledge Katti
Fantastic news well done Chevron.
Of course they have.
Good progress 👏
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Fantastic update!
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Fantastic update!
Great news!
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