BP acquires 60 percent operating interest in Namibia’s three, new offshore exploration blocks

British oil company BP has acquired a 60 percent operating interest in three offshore exploration blocks in Namibia, namely PEL97, PEL99, and PEL100, in the Walvis Basin. This acquisition from Eco Atlantic Oil & Gas marks a significant expansion of BP's presence in Africa and highlights Namibia's growing importance in the global energy sector. Recent discoveries in the Orange Basin have triggered increased international interest in Namibia, which is now seen as a potential multi-billion-barrel oil province.