Eco (Atlantic) Oil & Gas has completed the farm-down of a 60% participating interest in its three offshore Namibia exploration licenses to bp, which has taken over as operator. The deal closed after Namibia’s minister of industries, mines and energy signed the transfer and renewal deeds on Nov. 9, moving the licenses into their next […]
Navitas Petroleum has assumed operatorship of Block 1 CBK offshore South Africa following regulatory approval and completion of Eco (Atlantic) Oil & Gas’ farm-down of a 37.5% working interest in the license. The 19,929-km² block lies in South Africa’s portion of the Orange basin, adjacent to Namibia, where a series of oil discoveries in […]
Eco (Atlantic) Oil & Gas said it made significant progress across its Atlantic Margin exploration portfolio during its fiscal year ended March 31, highlighting strategic partnerships with bp and Navitas Petroleum that advance exploration activities in Namibia, Guyana and South Africa.