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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 gunnaron Mar 06, 2023 9:33am
447 Views
Post# 35320994

Shell paves the way for our farmout

Shell paves the way for our farmoutShell Strikes Oil Again in Namibia with Jonker-1X Deepwater Exploration Well
OE Staff March 6, 2023
©Deepsea Bollsta, previously known as West Bollsta - Credit: Geir Vinnes/MarineTraffic.com
©Deepsea Bollsta, previously known as West Bollsta - Credit: Geir Vinnes/MarineTraffic.com

After discovering oil and the Graff-1 well in Namibia in 2022, Shell has now made another offshore oil discovery in Namibia, this time at the Jonker-1X deep-water exploration well, QatarEnergy and Namcor, Shell's partners in the PEL-39 Exploration License, offshore Namibia, said.

Using the Deepsea Bollsta semi-submersible drilling rig, the Jonker-1X well was drilled to a total depth of 6,168 meters in a water depth of 2,210 meters.

The acquired data is being evaluated, and further appraisal is planned to determine the size and recoverable potential of the discovery, QatarEnergy said.

The drilling operations started in December 2022 and were completed in early March 2023.

Located approximately 270 kilometers off the coast of Namibia, in the deep-water offshore, the Jonker-1X discovery is the third well drilled on the license held by Shell within a year, Namcor said.

The PEL-39 Exploration License is held by a consortium comprised of QatarEnergy (with a 45% working interest), Shell (Operator with a 45% working interest) and the National Petroleum Corporation of Namibia “NAMCOR" (with a 10% working interest).


Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: “We are pleased with this encouraging discovery, which is our third in Namibia. I would like to take this opportunity to congratulate our partners Shell and NAMCOR, and to congratulate and thank the Government of the Republic of Namibia, which has been very supportive of this exploration effort.”

NAMCOR's Upstream Exploration Executive, Victoria Sibeya said:“NAMCOR would like to take this opportunity to congratulate our partners Shell (Operator) and QatarEnergy for safely drilling the Jonker-1X deep-water well. The encouraging results from the well are a geological testimony of the significant hydrocarbon potential in the deepwater play of the Orange Basin. We look forward to the appraisal activities and our collaborative relationship with our Joint Venture partners and our shareholder, the Government of the Republic of Namibia, to fully assess the commerciality of this discovery”.

Immanuel Mulunga, Managing Director of NAMCOR, said: “We are delighted to announce this third oil discovery after the success of the Graff-1X andVenus-1X discoveries by Shell and TotalEnergies in 2022. This discovery has proven the exciting and world-class potential of the deep-water Orange Basin”.

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