BP will acquire a 60% interest in three offshore exploration blocks in Namibia’s Walvis Basin from Eco Atlantic Oil & Gas, becoming operator of PEL97, PEL99 and PEL100 subject to approvals.
Arabian Drilling restarted recalled rigs and scheduled another to begin on 2 March 2026, while launching its first GCC international offshore contract focused on exploration work.
Shell has begun a joint study with Kufpec to assess five Indonesian working areas, reflecting renewed engagement by major international oil companies in the country’s upstream sector. The initiative follows recent discussions between global operators and SKK Migas on new exploration opportunities.
