Equinor buys 17.4% stake in Chevron-operated Namibia offshore licence PEL 90
CVX•Current ownership before the deal
Chevron’s Harmattan Energy held 52.5% before the deal; QatarEnergy held 27.5%.
Closing remains subject to approvals
Transaction closing remains subject to regulatory approvals and completion processes.
Chevron remains operator of the block
The block offers a drill-ready prospect scheduled for testing in 2026; Chevron operates the licence.
Equinor enters Namibia with stake in PEL 90
Equinor agreed to buy a 17.4% stake in Petroleum Exploration Licence 90 in Namibia’s Orange Basin, marking its entry into the country.
