Chevron acquires 80% interest in exploration block, offshore Namibia
February 10, 2025
(World Oil) – Custos Energy announced completion of the previously announced farm-in by Chevron Namibia Exploration II Limited, a subsidiary of Chevron Corporation, into Petroleum Exploration License 82 (PEL 82). The transaction provides for an 80% participating interest and operatorship for Chevron, with each of Custos and the National Petroleum Company of Namibia (NAMCOR) retaining 10% interests. PEL 82 governs blocks 2112B AND
