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Equinor hopes to make 'pretty big' Namibia oil discovery

Equinor signage on a building

Photo by Reuters

25th August 2026

By: Reuters

  

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Equinor hopes to make a "pretty big" oil discovery in Namibia's PEL 90 exploration licence, the Norwegian company said on Tuesday.

Equinor last week announced it had bought a 17.4% stake in the Chevron-operated prospect and that exploration drilling will take place later this year.

Equinor's head of international operations, Philippe Mathieu, on Tuesday told reporters that the company was hoping for a discovery akin to those made nearby by TotalEnergies and Galp.

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Edited by Reuters

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