Chevron Faces Setback
Chevron's initial bid for glory in Namibia's Orange basin has failed, with the US operator failing to find commercial hydrocarbons with its debut exploration well.
The well, situated in Block 2813B, governed by PEL 90 block, is operated by Harmattan Energy, an indirect subsidiary of ...
Chevron (NYSE:CVX) said Wednesday it did not find commercial hydrocarbon reserves at its Kapana 1X exploration well in Namibia's Orange Basin. The company said the well in the offshore PEL90 block ...
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