Canadian oil explorer Recon Africa has signed an agreement with Norwegian-listed BW Energy for a 20 percent working interest in its exploration license.

The exploration license to BW Energy potentially comes at a cost of US$141 million, translating to about N$2.5 billion. 

The Minister of Environment, Forestry, and Tourism, Pohamba Shifeta, is set to decide whether the amendments made to Recon Africa's Environmental Clearance Certificate were lawful or not.