Equinor Buys Into a Namibian Block With a Prospect Ready to Drill

Equinor Buys Into a Namibian Block With a Prospect Ready to Drill

Equinor is taking 17.4% of PEL 90 in Namibia's Orange Basin from a Chevron subsidiary, joining QatarEnergy and the state oil company ahead of a well planned for late 2026. The post Equinor Buys Into a Namibian Block With a Prospect Ready to Drill appeared first on The Rio Times.

Namibia’s oil moment: Before we count the barrels, do Namibians understand the opportunity? – Windhoek Observer

For several years now, the words “oil discovery” and “opportunities” have become part of Namibia’s economic vocabulary. There is talk of billions of barrels, foreign investment, jobs, local suppliers, new industries, infrastructure, government revenue and Namibia becoming one of Africa’s important oil-producing countries. The comparisons with Guyana are inevitable. Guyana was once a relatively small developing economy whose offshore oil discover…

Equinor to Enter Namibia by Joining Chevron Exploration Campaign

Equinor signed an agreement to acquire a 17.4 percent stake in Petroleum Exploration License 90 on the Namibian side of the offshore Orange Basin from oper...

Norway enters race for Namibian oil

NORWEGIAN state oil company Equinor has entered the race for Namibian oil, investing in Chevron’s petroleum exploration licence in the Orange Basin. Equinor announced on Tuesday that it would enter Namibia’s petroleum sector, through a 17.4% stake in the licence. “This transaction aligns with our strategy to strengthen and replenish our international portfolio through focused and disciplined growth. Namibia is a promising basin that adds attract…

Equinor enters Namibia’s Orange Basin as major oil groups build exploration exposure

Equinor is expanding into Namibia’s Orange Basin through an agreement to acquire a 17.4% interest in Petroleum Exploration Licence 90, positioning the Norwegian energy group alongside Chevron and other established industry participants in one of the most closely watched offshore exploration areas. The transaction represents Equinor’s first upstream entry into a new country since its expansion into Argentina in 2017. That timing gives the deal ad…