Chevron acquires majority stake in Namibian offshore licence
The National Petroleum Corporation of Namibia (Namcor) has announced that United States oil major Chevron Namibia Exploration Limited (CNEL) will take over an 80% stake in petroleum exploration licence 82 (PEL 82) in the Walvis Basin, offshore Namibia.As part of the arrangement, Namcor and Custos Energy will each retain a…
