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Chevron (NYSE:CVX) has filed an utility with Namibian regulators for an environmental clearance certificates for oil and gasoline exploration work within the offshore Orange Basin, Oil & Gasoline Journal reported Tuesday.
The Orange Basin, which incorporates TotalEnergies’ (TTE) current multi-billion barrel Venus discovery, is rising as one of many world’s most potential oil and gasoline areas.
The certificates would enable Chevron (CVX) to drill as much as 5 exploration wells and 5 appraisal wells in license PEL 90 offshore Namibia starting in This fall 2024.
PEL 90 is situated instantly north of Shell’s (SHEL) PEL 39 license, the place the basin’s preliminary discoveries at Graff-1, La Rona-1 and Jonker-1 have been drilled, and near TotalEnergies’ (TTE) Venus-1 oil discovery on PEL 56.
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