Equinor buys 17.4% stake in Chevron-operated Namibia offshore licence PEL 90

Reuters2026/08/18 15:06

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Equinor agreed to buy a 17.4% stake in Petroleum Exploration Licence 90 in Namibia’s Orange Basin, marking its entry into the country.
The block offers a drill-ready prospect scheduled for testing in 2026; Chevron operates the licence.
Chevron’s Harmattan Energy held 52.5% before the deal; QatarEnergy held 27.5%.
Transaction closing remains subject to regulatory approvals and completion processes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equinor ASA published the original content used to generate this news brief on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Equinor buys 17.4% stake in Chevron-operated Namibia offshore licence PEL 90

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