LONDON – Bracewell (UK) LLP advised Rhino Resources, Ltd. on the signing of a farm-down agreement with Azule Energy, an independent joint venture created in 2022 by combining bp and Eni assets in Angola, in relation to Block 2914A in the offshore Namibian Orange basin. Rhino, together with its new partner Azule Energy and its existing partners Namcor and Korres Investments, plans to drill two high-impact exploration wells in the Block, with the first well expected to spud by the end of 2024.
