The other participants, including EnerGulf, had previously entered into the joint operating agreement.
Block 1711 is situated in the Namibe basin off the north coast of Namibia along the international boundary with Angola.
The two separate exploration prospects, the Kunene and Hartmann, have been identified by extensive modern seismic data on the 893,100-hectare block.
Moscow-based Sintezneftegaz is the operator with a 70% working interest (and carrying Namcor and Bee's 10% interest).