Bp Confirms Oil And Gas Find In Namibias Orange Basin

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Oct 20 - BP on Monday confirmed an oil and gas discovery in Namibias Orange basin as reported by African energy explorer and operator Rhino Resources earlier this month.

Petroleum Exploration License 85, where the well was drilled, is operated by Rhino Resources with a working interest of 42.5. Co-venturers include Azule Energy with a 42.5 interest, and NAMCOR and Korres Investments.

BP holds a 50 interest in Azule Energy.

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