Namibia: HRT, UNX complete combination

By OGJ editors
HOUSTON, Apr. 28
– Shareholders of UNX Energy Corp., Calgary, completed a merger with HRT Participacoes em Petroleo SA, Rio de Janeiro.

Closing is expected on Apr. 29. Both firms hold blocks in the Atlantic off Namibia.

UNX Energy holds a net 32,000 sq km of offshore strategically located along the South Atlantic margin. HRT operates five exploratory blocks on the Namibian coast. It has 100% interest in two blocks in the Walvis subbasin and 40% interest in three blocks in the Orange subbasin.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...