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Equinor to buy 17.4% stake in Chevron’s Namibia offshore exploration licence

Equinor logoEquinor
Sig2.15Sen+2.01Env-2.29Soc+0.18Gov+0.54
Chevron logoChevron
Sig1.91Sen+1.14Env-1.13Soc-0.38Gov+0.28

Equinor has agreed with Harmattan Energy Limited, a Chevron subsidiary in Namibia, to acquire a 17.4% participating interest in Petroleum Exploration Licence 90 in the Orange Basin offshore Namibia. The licence covers Block 2813B and is operated by Chevron, expanding Equinor’s stake while Chevron maintains operating control.

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