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Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s):  ECAOF

Eco (Atlantic) Oil & Gas Ltd. is a Canada-based oil and gas exploration company with offshore licensed interests in Guyana, Namibia, and South Africa. The Company operates a 100% working interest in the 1,354 square kilometers (km2) Orinduik Block in Guyana. The Orinduik Block is situated in shallow to deep water (70m-1,400m), approximately 170 kilometers (km) offshore Guyana in the Suriname Guyana basin. The Company holds operatorship and an 85% working interest in four offshore petroleum licenses in the Republic of Namibia, being petroleum exploration licenses (PELs) 97 (the Cooper License); 98 (the Sharon License); 99 (the Guy License); and 100 (the Tamar License), representing a combined area of approximately 28,593 km2 in the Walvis Basin. In South Africa, the Company holds an approximately 6.25% working interest in Block 3B/4B and pending government approval of a 75% operating interest in Block 1, in the Orange Basin, totaling some 37,510km2.


TSXV:EOG - Post by User

Post by Devanand1on Jan 26, 2022 9:11am
223 Views
Post# 34361605

Exxon targeting Tarpon-1, conducting 4D seismic at Guyana’s

Exxon targeting Tarpon-1, conducting 4D seismic at Guyana’s

ExxonMobil is set to continue exploration activities offshore Guyana at the Tarpon-1 prospect located approximately 121.5 nautical miles (225 kilometers) offshore covering an area of 0.29 square nautical miles (1 square kilometer).

OilNOW understands the Stena DrillMAX will be engaged in drilling activities at the well.

This follows plans for exploration drilling at Patwa-1, also at the Stabroek Block, located approximately 113.4 nautical miles (210 kilometers) offshore.

Meanwhile, the U.S. oil major is pursuing 4D seismic surveying operations on the block covering an area of 1033.58 square nautical miles (3545.10 square kilometers). The survey operations will utilize the SV Ramform Tethys, MV Thor Alpha and MV Thor Freyja.

Since 2015, the company has made over 25 major discoveries at Stabroek Block amounting to over 10 billion barrels of oil equivalent resources, placing Guyana at number 17 on a list of 20 countries for the highest oil reserves in the world.https://oilnow.gy/featured/exxon-targeting-tarpon-1-conducting-4d-seismic-at-guyanas-largest-block/

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