Eco Atlantic Completes 60% Farm-Down of Namibian Offshore Licenses to BP

Key Facts

Eco (Atlantic) Oil & Gas Ltd. finalized the farm-down of a 60% participating interest in three Namibian offshore exploration licenses to BP Namibia Energy Ltd. Benzinga reported that the transaction includes the transfer of operatorship to BP for the Cooper, Guy, and Tamar licenses.

The completion of this farm-down agreement allows Eco Atlantic to reduce its capital exposure while bringing in BP as a major operator for its Namibian offshore assets. The deal follows the receipt of formal ministerial signatures from the Namibian Ministry of Mines and Energy in November 2026.