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UK-based supermajor BP has agreed to buy 60% in three offshore exploration blocks in Namibia.
BP will acquire a 60% stake and operatorship in three Namibian offshore blocks from Eco Atlantic.
KEY POINTS
- The acquisition marks BP's first entry as an operator in Namibia's Walvis Basin.
- BP's move builds on recent exploration successes in Namibia through its Azule Energy joint venture.
- BP is shifting focus from renewables back to oil and gas under new CEO Meg O’Neill.
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