Ocean Energy Resources

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Chevron expands Namibia portfolio with Walvis Basin stake

Fossil Energy – Namibia

Chevron has deepened its commitment to Namibia’s fast-emerging offshore sector, taking an 80% stake and operatorship of Petroleum Exploration Licence (PEL) 82 in the Walvis Basin – a vast 11,400 km² block located between 72 and 300 km off the Namibian coast.

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Chevron to explore new offshore oil reserves in Walvis Basin

Fossil Energy – Exploration

Chevron announced last Thursday that it is considering drilling an exploration well in the Walvis Basin off the coast of Namibia, with plans to begin as early as 2026 or 2027.

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