ExxonMobil in talks to join Namibia offshore license

ExxonMobil has been negotiating a 40% farm-in to Petroleum Exploration License (PEL) 82 in the Walvis basin offshore Namibia.

Offshore staff

LISBON – ExxonMobil has been negotiating a 40% farm-in to Petroleum Exploration License (PEL) 82 in the Walvis basin offshore Namibia.

Following the conclusion of the transaction, Galp Energia and ExxonMobil will each have a 40% interest in the license, with Galp remaining operator.

The other partners are Namibia’s state oil company NAMCOR and local company Custos, each with 10%.

According to Galp, the license covers 11,444 sq km (4,418 sq mi) in water depths ranging from 300-2,000 m (984-6,562 ft).

02/02/2018

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