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Equinor Takes 17.4% Stake in Namibian Oil Licence from Chevron

Guavy AI Editorial Team
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CVX
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Norway's Equinor has signed a deal with Chevron's Harmattan Energy subsidiary to acquire a 17.4% stake in Petroleum Exploration Licence 90, located offshore Namibia.

The agreement marks a strategic expansion into the Namibian basin for Equinor, although specific financial details were not disclosed in the announcement.

This deal allows Chevron's Harmattan Energy to retain majority control of the licence, with Equinor taking on a significant stake in the region.

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