CVX · News · 20261001N

Namibia Exploration Partnership

CHEVRON CORP · 2026-10-01 · Importance 31 · Surprise 42 · In source text

Chevron affiliate Harmattan Energy Limited agreed to receive Trago Energy’s 10% participating interest in Namibia’s Petroleum Exploration License 90 (PEL 90). The transaction expands Chevron’s interest in the license through an equity-interest transfer rather than a disclosed cash acquisition. The reported announcement describes the license as having significant prospectivity, but does not disclose transaction value or timing beyond October 1, 2026.

Key facts

• Harmattan Energy Limited, a Chevron Corporation affiliate, has entered into an agreement which provides for the transfer of Trago's 10% participating interest in Petroleum Exploration License 90 ("PEL 90") to Chevron. source
• Trago Energy (Pty) Ltd., a wholly-owned subsidiary of Custos Energy (Pty) Ltd., has entered into an agreement with Harmattan Energy Limited, an affiliate of Chevron Corporation, in respect of its 10% participating interest in Petroleum Exploration License 90 ("PEL 90"). source

Impact estimates