BP and Eni strike deal to barrel into Namibia’s Orange basin

BP and Eni strike deal to barrel into Namibia’s prolific Orange basin

Azule Energy joint venture farms in to Rhino Resources block where two-well exploration campaign starts this year

Azule Energy chief executive Ardriano Mongini.Photo: AZULE ENERGY

Iain Esau' Africa Correspondent. London - Updated 3 May 2024, 10:13
www.upstreamonline.com/exploration/bp-and-eni-strike-deal-to-barrel-into-namibia-s-prolific-orange-basin/2-1-1638258

BP and Eni have struck a deal to take an operating stake in a highly prospective exploration licence in Namibia's Orange basin close to Galp Energia's huge Mopane discovery and next door to acreage where Shell has made five discoveries.

This move means that ExxonMobil is now the only supermajor absent from this exploration party that is happening in the prolific southern African hydrocarbon play.

Azule Energy, the 50:50 joint venture between BP and Eni which brings together their Angolan assets, has struck an agreement with privately owned Rhino Resources to enter Petroleum Exploration Licence 85 which covers Block 2914A.

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