Equinor expects major oil find in Namibia
Equinor hopes to make a significant oil discovery in Namibia after acquiring a stake in the Chevron-operated PEL 90 licence. Exploration drilling is scheduled to begin later this year.
Insights:
Equinor aims for a major oil discovery in Namibia's PEL 90 licence, targeting large-scale reserves through upcoming offshore drilling. The move follows the Norwegian energy major's recent acquisition of a 17.4% stake in the Chevron-operated offshore prospect. Securing a significant find would expand Equinor's footprint in one of the industry's most watched frontier oil basins.
