Canadian Oil Giant Stamper Secures Strategic Namibian Assets in $Multi-Million Exploration Deal
Canada’s Stamper Oil & Gas has completed a major acquisition of fellow Canadian firm BISP Exploration through a three-cornered amalgamation, securing access to prime offshore blocks in Namibia’s red-hot exploration territory. The strategic transaction positions Stamper adjacent to blocks with planned drilling activity and super major interest in one of Africa’s most promising oil and gas frontiers.
The deal grants Stamper access to four critical licenses covering five Namibian blocks: Orange Basin’s PEL 107 with a 32.9% working interest in block 2712A, Walvis Basin’s PEL 106 and PEL 98 with 5% carried interests covering multiple blocks, and Lüderitz/Orange Basin’s PEL 102 with a 20% carried interest in block 2614B.
These strategic assets are positioned northwest of major oil and gas discoveries made by industry giants Rhino Resources, Galp Energia, and TotalEnergies. The timing proves crucial as Chevron prepares to drill in the Walvis basin in 2026 or 2027, while the southern Luderitz basin asset sits north of the Kudu Gas Field, where drilling is expected to commence later this year.
The transaction has triggered a leadership change, with BISP CEO Grayson Andersen, who brings over 25 years of global oil and gas experience across Canada, the United Kingdom, South America, and Africa, replacing former Stamper CEO Bryson Goodwin.
Sources: offshore-energy.biz, namibiaoilandgas.com
