BP Joins Shell and TotalEnergies in Namibia's Offshore Rush

UK-based supermajor BP has agreed to buy 60% in three offshore exploration blocks in Namibia as part of its ongoing strategy to grow its upstream portfolio. The company will buy from Canada-based Eco Atlantic Oil & Gas a majority 60% stake in each of the PEL97, PEL99, and PEL100 exploration blocks offshore Namibia, one of the world's most sought-after exploration sites in recent years. Subject to approvals by the Namibian government, the UK supermajor will become the operator of the three blocks...