Japanese Mitsui takes 15% stake in Namibian blocks

摘要

Singapore-Japan's Mitsui has acquired a 15% interest in oil and gas exploration blocks in the southwestern African republic of Namibia from BHP Billiton, the Japanese trading house said November 21. The acquired interest in the exploration licenses is for the Northern Block-Block 2813A and 2814B, and Southern Block-Block 2914A and adjacent acreage, located about 220km southwest off the coast of Namibia. Decisions on further exploration in the Southern Block will be made after 3-D seismic analysis, Mitsui said.