Galp will take a 14% stake in three blocks off the country, PEL 23 in theWalvis Basin and PELs 24 and 28 in the Orange basin. HRT will operate the blocks.
"With this formal approval by the Government of Namibia, HRT has fulfilled all the requirements of the farm-out agreement and we can confirm we will commence operations in 1Q13 for our exploratory campaign in Namibia," HRT chief executive Marcio Mello said in a statement.
"We
