10
Feb
Niël Terblanché Custos Energy has announced the completion of Chevron Namibia Exploration II Limited's farm-in into Petroleum Exploration License 82 (PEL 82), marking a. expansion of Chevron's offshore exploration activities in Namibia. According to Knowledge Katti, chairman and chief executive officer of Custos, Chevron now holds an 80% participating interest and operatorship in PEL 82, with Custos Energy and the National Petroleum Corporation of Namibia (NAMCOR) each retaining 10% interests. "Completion of Chevron's entry into PEL 82 is another indicator of the quality and opportunity associated with our offshore portfolio. We are thrilled to expand our partnership with Chevron, positioning…