Namibia: ShoreCan JV pulls out
Issue 335
- 24 Nov 2016
| 1 minute read
The ShoreCan joint venture of Nigeria’s Shoreline Energy and Canadian Overseas Petroleum Ltd (COPL) has relinquished its 80% stake in three blocks offshore Namibia. ShoreCan acquired deep-water blocks 1708, 1808 and 1709 in the northern offshore in February 2015. COPL said in its Q3 results statement that it had decided to terminate its exploration project “as a result of geological evaluation”.
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