Equinor Takes Stake in Chevron-Led Offshore Block in Namibia
Norway's Equinor has made its entry into Namibia's oil market by acquiring a 17.4% stake in an offshore exploration block operated by Chevron.
The licence, which is part of the Chevron-led offshore block, will allow Equinor to explore for oil and gas in the region.
This move follows a series of recent announcements from major energy companies entering Namibia's market, including QatarEnergy, BP, and TotalEnergies.