bp to operate blocks offshore Namibia through acquisition
Key Highlights
- bp aims to acquire interest in three offshore exploration blocks offshore Namibia.
- bp would operate PEL97, PEL99, and PEL100 in Walvis basin.
bp plc aims to become operator of three exploration blocks offshore Namibia through an acquisision of a 60% interest from Eco Atlantic Oil & Gas.
Subject to Namibian government and joint venture partner approvals, bp will operate blocks PEL97, PEL99, and PEL100 in Walvis basin.
In a release Apr. 13, bp said entering the blocks builds on its recent exploration successes in Namibia through Azule Energy, a 50-50 joint venture between bp and Eni.
Eco Atlantic will remain a partner, along with Namibia’s national oil company NAMCOR, following the deal's closing, which is subject to closing conditions.