Namibia: BP Buys Into More Namibian Petroleum Licences

Canadian-listed Eco (Atlantic) Oil & Gas Ltd has announced that it will sell an interest of its three Namibian petroleum exploration licences to British Petroleum (BP).

Eco Atlantic on Sunday said it has signed an agreement to farm-down 60% of its interest in petroleum exploration licences 97, 99 and 100 – all located in the Walvis Basin.

“Eco entered Namibia in 2011, with a firm belief of the Walvis basin subsurface potential, and we are proud to attract an international oil company of BP’s…