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With Green Hydrogen peddled as the answer to so many of Namibia’s woes, including energy dependency, job creation and economic growth, the future of the country’s only proven hydrocarbon deposit, Kudu Gas, has been questioned. ....
BW Energy: Signs Kudu Farm-In Agreement January 14, 2021 01:30 ET | Source: BW Energy Limited BW Energy Limited Hamilton, BERMUDA BW Kudu Limited, a wholly owned subsidiary of BW Energy Limited and the National Petroleum Corporation of Namibia (NAMCOR) have signed a Farm-In and Carry Agreement. The agreement increases BW Kudu’s working interest in the Kudu license offshore Namibia from 56% to 95% in line with previously disclosed intentions. NAMCOR will retain the remaining 5% working interest. The agreement is subject to the approvals of BW Kudu’s and NAMCOR’s Boards as well as Namibian regulatory authorities. The agreement gives NAMCOR the opportunity to acquire an additional 5% working interest post first gas, while BW Kudu will pay USD 4 million at completion of the transaction and carry NAMCOR’s share of development costs until first gas. ....
- BW Energy: Signs Kudu license offshore... euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
Advertisement BW Kudu Limited, a wholly owned subsidiary of BW Energy Limited and the National Petroleum Corporation of Namibia (NAMCOR) have signed a Farm-In and Carry Agreement that increases BW Kudu’s working interest in the Kudu license offshore Namibia from 56% to 95% in line with previously disclosed intentions. NAMCOR will retain the remaining 5% working interest. The agreement is subject to the approvals of BW Kudu’s and NAMCOR’s Boards as well as Namibian regulatory authorities. The agreement gives NAMCOR the opportunity to acquire an additional 5% working interest post first gas, while BW Kudu will pay US$4 million at completion of the transaction and carry NAMCOR’s share of development costs until first gas. ....