bp has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia, marking its entry as an operator in the country’s growing upstream sector.
The agreement with Eco Atlantic Oil & Gas covers blocks PEL97, PEL99 and PEL100, located in the Walvis Basin offshore Namibia. Following completion and regulatory approvals, bp will act as operator, while Eco Atlantic and NAMCOR will remain partners.
“Namibia is a region attracting growing industry interest and has a number of exciting frontier basins,” said Gordon Birrell, bp’s executive vice president for production and operations. “This agreement strengthens bp’s exploration portfolio and provides long-term growth potential.”
The move builds on bp’s recent exploration activity in the region through Azule Energy, including multiple discoveries in Namibia and Angola. Among them are the Volans-1X and Capricornus-1X finds in Namibia’s Orange Basin, highlighting the country’s emerging role in global energy exploration.
The transaction remains subject to approvals from Namibian authorities and joint venture partners.
By entering the Walvis Basin, bp continues to expand its exploration footprint in high-potential frontier regions, positioning itself to support future resource development and long-term energy supply.
