Tullow Oil in N$173m Namibia oil block deal

Calima Energy has agreed to sell its 56 percent stake in the deep-water exploration licence PEL 90 off the coast of Namibia to UK oil and gas major Tullow Oil for an upfront payment of N$28.9 million and success bonuses of up to N$144.5 million.

Tullow Oil to drill first well in September

Tullow Oil plc, the British based multinational oil and gas exploration company, is set to drill its first ever oil well in Namibia in September.

WINDHOEK OBSERVER

The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

Contact Us

Windhoek Observer House
c/o John Meinert & Rossini Street
Windhoek West
Namibia
Tel: +264 61 411 800
Fax: +264 61 226 098
www.observer.com.na