ECO to follow the blueprint of Exxon’s Stabroek block Eco (Atlantic) Oil & Gas raises US$17m in anticipation of expanded drilling offshore Guyana
It suggests as many as six wells could potentially be drilled in the Orinduik block, should the first phase of results provide sufficient encouragement.
A rapid campaign would somewhat follow the blueprint of Exxon’s neighbouring Stabroek block, where the US major has rapidly drilled and made discoveries in 12 exploration wells since 2015 (unearthing more than 5bn barrels of crude resources).
Eco last month published the findings of a third-party resource assessment, which indicated some 4bn barrels of exploration potential for its Orinduik asset.
https://demerarawaves.com/2019/04/04/eco-atlantic-oil-gas-raises-us17mln-in-anticipation-of-expanded-drill-campaign-offshore-guyana/