BP on Monday confirmed an oil and gas discovery in Namibia’s Orange basin as reported by African energy explorer and operator Rhino Resources earlier this month.
Petroleum Exploration License 85, where the well was drilled, is operated by Rhino Resources with a working interest of 42.5%. Co-venturers include Azule Energy with a 42.5% interest, and NAMCOR and Korres Investments.
BP holds a 50% interest in Azule Energy.
(Reuters - Reporting by Yadarisa Shabong in Bengaluru)