offshore Namibia

Chevron acquires 80% interest in exploration block, offshore Namibia

February 10, 2025

(World Oil) – Custos Energy announced completion of the previously announced farm-in by Chevron Namibia Exploration II Limited, a subsidiary of Chevron Corporation, into Petroleum Exploration License 82 (PEL 82). The transaction provides for an 80% participating interest and operatorship for Chevron, with each of Custos and the National Petroleum Company of Namibia (NAMCOR) retaining 10% interests. PEL 82 governs blocks 2112B AND

African Energy 2024: Surging investment, waves of change

December 17, 2024

(World Oil) – I’ve said for years that African energy is a vital investment. Backers clearly agree — to the tune of USD47 billion. That’s how much capital expenditure (capex) 2024 saw in African oil and gas, showing a 23% increase from last year. Better yet, we expect growth to continue through the end of the decade. This capex activity

Galp confirms quality light oil discovery offshore Namibia

December 2, 2024

(Oil Price) – Namibia’s offshore has yielded quality discovery as the African country continues to be an exploration hotspot for international companies. Portugal’s Galp has just successfully drilled and logged the Mopane-1A appraisal well in block PEL83, encountering light oil and gas-condensate in high-quality reservoir-bearing sands. The findings of this third appraisal well are “once again indicating good porosities, high permeabilities, and high

Chevron acquires 80% interest in exploration block, offshore Namibia

African Energy 2024: Surging investment, waves of change

Galp confirms quality light oil discovery offshore Namibia

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