Equinor hopes to make 'pretty big' Namibia oil discovery
25/08/2026 08:33
Equinor hopes to make 'pretty big' Namibia oil discovery STAVANGER, Norway, Aug 25 (Reuters) - Equinor EQNR.OL hopes to make a "pretty big" oil discovery in Namibia's PEL 90 exploration licence, the Norwegian company said on Tuesday.
Equinor last week announced it had bought a 17.4% stake in the Chevron-operated CVX.N prospect and that exploration drilling will take place later this year.
Equinor's head of international operations, Philippe Mathieu, on Tuesday told reporters that the company was hoping for a discovery akin to those made nearby by TotalEnergies TTEF.PA and Galp GALP.LS.
(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)
((terje.solsvik@thomsonreuters.com; +47 918 666 70;))
Recent news on Equinor ASA
See all newsBrief: Equinor: Aibel Gets Contract For Vessel Topsides
UK-listed North Sea-focused oil producers rise after Jackdaw gas field approval
UK approves long-delayed Jackdaw gas field on energy security grounds (updated)
UK approves long-delayed Jackdaw gas field
EU still committed to keeping oil, coal and gas in ground in Arctic, new strategy says