African energy player Rhino Resources and its partners in a petroleum exploration license (PEL) offshore Namibia have made an oil discovery using a drillship owned by the U.S.-headquartered offshore drilling giant Noble Corporation.
According to Rhino, the discovery was made on Block 2914 within PEL85 , which it operates with a 42.5% interest. Its co-venturers in the PEL85 joint venture (JV) are Azule Energy (42.5%), which is a 50-50 JV between Eni and BP, NAMCOR (10%), and Korres Investments (5%).
