Namibia: Partnership Boosts Namibia’s Oil Search

The Oslo-listed company BW Energy has bought shares in ReconAfrica to further the search for oil in Namibia.

According to a statement by the African Energy Chamber (AEC), BW Energy will obtain a 20% working interest in petroleum exploration licence 73, which is located in Namibia’s Kavango Basin.

The statement noted that the collaboration is valued at a potential US$141 million.

The AEC lauded the partnership for its positive impact on exploration activities and resource development within the…