OSLO, NORWAY (By Equinor, 18.Aug.2026, Words: 176) — Equinor signed an agreement with Harmattan Energy Limited, a Chevron subsidiary in Namibia, to acquire a 17.4% participating interest in petroleum exploration licence 90 (PEL 90) in the Orange basin offshore Namibia.
The transaction marks Equinor’s entry into Namibia and the licence provides access to a drill-ready prospect scheduled for testing in 2026.
This transaction aligns with our strategy to strengthen and replenish our international portfolio through focused and disciplined growth. Namibia is a promising basin that adds attractive option value to our portfolio and complements our broader Atlantic Margin position,” says Philippe Mathieu, executive vice president for Exploration & Production International.
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The licence relates to Block 2813B in the Orange basin, offshore Namibia, and is operated by Chevron.
Prior to the transaction, Chevron’s subsidiary owned an interest of 52.5% in PEL 90, with the other partners in the licence being QatarEnergy (27.5%), Trago Energy (10%) and the state-owned oil company NAMCOR (10%).
The closing of the transaction is subject to regulatory approvals and completion processes.
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