# BP will pay Eco Atlantic $2.7 million in cash for the 60% interest in the three petroleum exploration licences.

*business · news · 2026-04-13 · Reuters*

## Key points

- BP will pay Eco Atlantic $2.7 million for a 60% stake in Namibian exploration licences.
- This deal marks BP's first entry as an operator in Namibia's oil and gas sector.
- BP plans to dispose of $20 billion in assets and reduce debt to $14-18 billion by 2027.
- Eco Atlantic and Namibia’s NAMCOR will remain partners in the exploration blocks with BP.

**Companies:** BP, Eco Atlantic
**Countries:** Canada, Namibia

[Read the full story on Reuters](https://www.reuters.com/legal/transactional/bp-buy-majority-interest-three-offshore-namibian-blocks-2026-04-13/)

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