According to the announcement, Qatar Energy has reached an agreement to acquire participation interests in a Namibian offshore exploration block from Chevron Namibia Exploration Phase II. The subject of the acquisition was an interest in PEL 8225% of the oil exploration license. After the transaction was completed, the operator Chevron held 55% of the rights, while the Namibian National Petroleum Exploration and Development Corporation and Custos Energy each held 10% of the rights.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.