Chevron Corporation Plans to Drill Another Exploration Well Off the Coast of the Republic of Namibia
Chevron Corporation is considering the possibility of drilling an exploration well in the Walvis Basin, located off the coast of the Republic of Namibia, in the year 2026 or 2027, according to a report by Reuters, citing the American oil company.
Chevron’s wholly owned subsidiary, Chevron Namibia Exploration Limited, is actively expanding its portfolio of prospective projects in Namibia, a country that has emerged as a global hotspot for oil and gas exploration.
The planned exploration well will be drilled under Petroleum Exploration License No. 82, located in the Walvis Basin— a vast offshore area situated to the north of the Orange Basin, where all of Namibia’s offshore hydrocarbon discoveries to date have been made by major international oil and gas corporations, including TotalEnergies, Shell, and Galp.
Through this new exploration program, Chevron is continuing to expand its robust and growing portfolio of upstream geological exploration projects.
It is worth noting that in January 2025, Chevron announced that its first exploration well in the Orange Basin had not encountered commercial quantities of hydrocarbons.
