Bloomberg News

BP to Join Serica in Exploration of Offshore Namibian Block

March 15, 2012

BP Plc (BP/) will join Serica Energy Plc (SQZ) in the exploration of License 0047 off Namibia by farming-in to Serica’s interest.

BP will pay a sum covering Serica’s past costs and earn a 30 percent interest in the license by paying for a 3D seismic survey, London-based Serica said today in a statement.

To contact the reporter on this story: Amanda Jordan in London at ajordan11@bloomberg.net

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net


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