Lekoil, NAMCOR enter Africa alliance

Oct. 30, 2020
Lekoil Exploration & Production Namibia has entered a strategic alliance agreement with NAMCOR E&P.

Offshore staff

LAGOS, Nigeria – Lekoil Exploration & Production Namibia has entered a strategic alliance agreement with NAMCOR E&P, a subsidiary of Namibian state oil company NAMCOR.

The two companies plan to apply their technical capabilities to jointly assess and acquire low-risk, fast-track oil and gas production interests across Africa.

Lekoil Namibia previously had a 77.5% share of two Namibian offshore exploration blocks (2514A and 2514B). NAMCOR E&P is seeking to invest in well-managed oil producing assets in politically stable jurisdictions.

10/30/2020