Eco Atlantic Oil & Gas Gets Final Approval for Namibia License Transfer to BP

Eco Atlantic Oil & Gas has obtained formal ministerial approval from Namibia's Ministry of Industries, Mines and Energy to transfer a 60% participating interest in its offshore petroleum exploration licenses to BP Namibia Energy. This approval finalizes the previously announced farm-down agreement, allowing BP, through its subsidiary, to take a majority stake in the exploration licenses offshore Namibia.

Originally published by gnews