Oil Majors Consider Acquisition of Galp's Namibia Oil Prospect
Tuesday, 2 July 2024, 14:44
Oil Majors Eye Potential Acquisition
The article discusses the growing interest of major oil companies in acquiring Galp's oil prospect in Namibia. Companies like ExxonMobil and Total are looking into potential opportunities in the region.
Shift in Focus
The move could signify a shift in focus towards untapped oil reserves and exploration in emerging markets.
Overall, the interest from oil majors highlights the potential for new investments and developments in the Namibian oil sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.