CVX/Rhino firm up two more Orange Basin probes Namibia/Egypt Lotus draft approved
Key Questions
What are Chevron and Rhino planning in Namibia's Orange Basin?
Chevron and Rhino Resources have firmed up two more exploration and appraisal wells in the Orange Basin offshore Namibia. This advances potential major reserve additions.
Why is Chevron pursuing Namibia amid Hess integration?
The probes support Africa's diversification strategy post-Hess integration, chasing TotalEnergies-like discoveries in the high-potential Orange Basin.
What other recent African deals has Chevron made?
Egypt approved a draft offshore exploration deal with Chevron in the Lotus area, signaling broader African expansion alongside Namibia efforts.
CVX/Rhino Namibia Orange basin two more wells (ex-9b14b8c9); Egypt cabinet approves CVX Egypt Holdings Lotus offshore draft deal (ex-1AXFBEVJ)—Africa diversification vs Hess, chasing Total discoveries/reserves boost.
Sources (2)
Updated Apr 17, 2026