Published 4 years ago • loading... • Updated 4 years ago
Chevron completes deal to take stake in deepwater Namibia
Summary by Ground News
Chevron Namibia Exploration Limited confirms it acquired an 80% working interest in PEL90, in the Orange Basin offshore Namibia. The gossip suggests Chevron paid $100 million for a stake. The licence covers Block 2813B, which is around 5,433 square km. It is around 200-250 km offshore, with water depths from 2,300 to 3,300 metres.