Repsol Joins Oil Hunt Off Namibia
From Business Day
Spain’s biggest oil producer, is following BP into Namibia, a country with no proven oil reserves.
Repsol will take a 44% working interest in the offshore licence 0010 and become an operator of the block, which may contain as much as 9,3-billion barrels of oil, Tower Resources, a partner in the prospect, said in London.
