bp has agreed to acquire a 60 per cent interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas as part of bp’s strategy to grow its upstream portfolio.
TotalEnergies has signed agreements to acquire a 42.5 per cent operated interest in PEL104 Exploration license, located offshore Namibia, from Eight Offshore Investments Holdings (“Eight”) and Maravilla Oil & Gas. Located in the Lüderitz basin, PEL104 license covers an area of around 11,000 km2 offshore Namibia.
bp confirmed preliminary results from the Volans-1X well in Namibia's Orange Basin, operated by Rhino Resources (42.5 per cent interest). Co-venturers include Azule Energy (42.5 per cent), NAMCOR (10 per cent), and Korres Investments (5 per cent). bp also holds a 50 per cent interest in Azule Energy.
