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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 Proseleneson Jul 18, 2022 8:43pm
814 Views
Post# 34833082

Rig drilling its last NS well now before move to Gazania-1

Rig drilling its last NS well now before move to Gazania-1
Rig is now drilling its final North Sea well before moving to South Africa to drill Gazania-1 for ECO

https://www.offshore-energy.biz/island-drillings-rig-gets-started-on-its-next-gig/

Island Drilling’s rig gets started on its next gig

July 18, 2022, by Melisa Cavcic

Norwegian offshore drilling company Island Drilling has completed its work with Dana Petroleum on the UK Continental Shelf (UKCS) and moved to its next assignment in the UK North Sea prior to moving to South Africa and Mauritania for the next jobs on its list.

Island Drilling informed last week that its Island Innovator rig finalised the BP7 well for Dana Petroleum – awarded in October 2021 – and has already started drilling on the Orlando field on behalf of Tailwind Energy thanks to a deal, which was secured in December 2021.

“The good HSE performance and low levels of rig and operations non-productive time was particularly recognised as impressive by Dana Petroleum,” explained the company in its statement.

The 2012-built sixth-generation harsh environment semi-submersible drilling rig also installed a completion and a subsea tree by use of the heave compensated crane, based on the firm’s statement. Island Drilling further elaborated that the use of the crane for installing the subsea tree “reduced the installation time by almost four days.”

“The Island Drilling company appreciate the cooperation with both Dana Petroleum Limited and Petrofac on the operation,” added the firm.

Moreover, the drilling company confirmed that once the work on the Orlando field, block 3/3b-13y, is finalised, the Island Innovator rig will prepare to sail towards South Africa, where it will start drilling the Gazania-1 well for Eco Atlantic Oil & Gas. This well is located in the Orange Basin in South Africa and the deal for this assignment was disclosed in March 2022...................................


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