Eco Atlantic Oil & Gas has received ministerial approval from Namibia’s Ministry of Industries, Mines and Energy for the farm-out of its 85% participating interest in offshore Petroleum Exploration Licence (PEL) 98 to Namibian-owned Lamda Energy, clearing the final government approval required for the transaction. The approval satisfies Section 11 requirements under Namibia’s Petroleum (Exploration and Production) Act. […]
London-based Tower Resources has received final approval from the Namibia Ministry of Industries, Mines and Energy to complete the farm-out of the PEL96 offshore licence to Prime Global Energies, Tower Resources announced on Thursday.
ReconAfrica and its partners, NAMCOR and BW Energy, have begun production testing operations at the Kavango West 1X (KW1X) discovery in Namibia, marking a key step toward evaluating the commercial potential of the Damara Fold Belt play.
Impact Oil and Gas announced on Monday it will separate its Namibian exploration and development business from its South African exploration portfolio in a corporate reorganisation backed by principal shareholders Deepkloof and Meren Energy.
Namibia is accelerating petroleum sector reforms as it moves closer to first oil, with policymakers seeking to strengthen the regulatory framework and sustain investor confidence amid rising offshore activity.
Eco (Atlantic) Oil & Gas has signed an agreement to farm down a 60% participating interest in its offshore Namibia portfolio to bp, transferring operatorship across three exploration licenses in the Walvis basin.
Oregen Energy has signed a letter of intent to evaluate an equity investment in Petrovena Energy and grow its footprint in Namibia’s Orange Basin, Oregen announced on Tuesday.
ReconAfrica has commenced production testing operations at its Kavango West 1X discovery well in Namibia, marking a key step in evaluating the commercial potential of the Kavango basin. Testing operations are underway following receipt of regulatory approvals, with field crews preparing the well and associated equipment now in place. The company has contracted major service providers, […]
Sintana Energy has entered a letter of intent to acquire an indirect interest in PEL 37 in the Walvis Basin offshore Namibia, the company announced on Wednesday. The block spans 17,295 square kilometres in relatively shallow waters, ranging in depth from 100 to 1,500 metres. Prospects have already been identified at water depths between 300 […]
Shell is preparing to launch a new drilling campaign in Petroleum Exploration Licence 39 (PEL39) offshore Namibia, the company’s country chair in Namibia, Eduardo Rodriguez, said in a LinkedIn post on Thursday.