Namibia: Eco (Atlantic) Oil & Gas Receives Ministerial Approval For Namibia Pel 98 Farm
Eco (Atlantic) Oil & Gas has received ministerial approval from the Namibian government to farm out its interest in Petroleum Exploration Licence 98 to Lamda Energy. This regulatory milestone marks progress in Namibia's offshore energy sector and follows other recent farm-out applications by the company.
Why it matters
The approval signals continued development in Namibia's offshore oil and gas sector, which is a key area for emerging energy exploration and foreign investment.
News Data Index Services LOGIN / REGISTER News Data Index Services Back to News Oil & Gas Plant News News Oil & Gas Plant News Oil & Gas Oil & Gas Copy link Copy link Namibia: Eco (Atlantic) Oil & Gas Receives Ministerial Approval For Namibia Pel 98 Farm-Out By Energypedia News • 06-30-2026 June 30, 2026 • 3 min Oil & Gas Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has received formal Ministerial approval from the Ministry of Industries, Mines and Energy of Namibia for the Section 11 assignment relating to the Company's previously announced farm-out of its 85% participating interest in Petroleum Exploration Licence 98 ('PEL 98'), offshore Namibia, to an arm's-length wholly Namibian-owned company, Lamda Energy.
The article is a factual report on corporate regulatory filings and government approvals in the energy sector.
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