Eco (Atlantic) Oil & Gas has signed an agreement to farm down a 60% participating interest in its offshore Namibia portfolio to bp, transferring operatorship across three exploration licenses in the Walvis basin.
London-based oil and gas player Energean has taken the first step in its strategy to expand its operations into West Africa by acquiring stakes in two blocks off the coast of Angola from the U.S.-headquartered energy giant Chevron.