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Home Namibia

Azule to Acquire Asset Stake in Namibia’s Orange Basin

admin by admin
May 8, 2024
in Namibia
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Angola-based Azule Energy, an independent joint venture of BP and Eni, has closed its first international deal with a farm-in agreement with Rhino Resources Namibia.  

The landmark agreement will grant Azule a 42.5 percent interest in Block 2914A in petroleum exploration license PEL85, located offshore Namibia, the company said in a news release. The Namibian Orange basin has had the…



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