"Eco Atlantic" News

Eco Atlantic Farms Into Orange Basin Block Off South Africa

Jun 06, 2024

Eco (Atlantic) Oil & Gas has started the farm-in process into Block 1 offshore South Africa Orange Basin, while confirming it is relinquishing its 50% working interest operated offshore Block 2B in South Africa.Through its 100% owned subsidiary Azinam South Africa Limited…

Esgian Week 23 Report: Semisub Action in Norway, Australia

Jun 09, 2024

Esgian provides an update on semisub activities in Norway and Australia in its Week 23 Rig Analytics Market Roundup.Report SummaryContractsTransocean has announced contract fixtures for three harsh environment (HE) semisubmersibles. Together…

Esgian Week 11 Report: New Discoveries in UK and Namibia

Mar 17, 2024

Esgian reports that drilling contracts have been announced this week for operations in Brazil and the Philippines, and new discoveries have been confirmed in the UK and Namibia in its Week 11 Rig Analytics Market Roundup.ContractsCOSL Drilling…

TotalEnergies Takes Operatorship of ‘Promising’ Orange Basin Exploration License

Mar 06, 2024

TotalEnergies has signed, together with its partner QatarEnergy, an agreement to acquire participating interests in Block 3B/4B, offshore South Africa, from Africa Oil South Africa, Azinam - a wholly owned subsidiary of Eco Atlantic Oil and Gas - and Ricocure…

Esgian Week 4 Report: Spotlight on Drilling Activities and Discoveries

Jan 26, 2024

Esgian's latest market roundup for the fourth week of 2024 brings several updates on new oil discoveries and plans for exploration drilling across the world, together with reports about new contracts and mobilization of rigs.  ContractsDragon…

Tullow to Sell Guyana Offshore Block Stake to Eco Atlantic for $700,000 and Potential Future Payouts

Aug 10, 2023

Oil company Tullow Oil agreed to sell its total interest in Tullow Guyana, which includes the Orinduik license (Tullow 60% operated equity) in Guyana to Eco Atlantic's subsidiary Eco Guyana Oil and Gas (Barbados) Limited in exchange for a combination of upfront cash and contingent consideration…

Africa Oil Corp. Expands Interest in Block 3B/4B Offshore South Africa. Plans Underway for Two-well Drilling Campaign

Jul 11, 2023

Africa Oil Corp. has entered an agreement to increase its operated working interest (“WI”) in Block 3B/4B, located in the Orange Basin offshore South Africa and, the company says, on trend with the Venus, Graff, La Rona and Jonker oil discoveries in the nearby Namibia…

Crown Energy Withdraws from South African Offshore Venture Following Disappointing Well Results

May 11, 2023

Crown Energy said Thursday it would withdraw from the joint venture operating the Block 2B offshore South Africa after disappointing results of the Gazania-1 exploration well drilled in 2022.The Gazania-1 well was spudded in October 2022, using the Island Innovator semi-submersible drilling…

Partners Apply for Environmental Permit for Offshore Drilling in South Africa

Mar 24, 2023

Oil and gas company Eco Atlantic said this week it was, with its partners Africa Oil and Ricocure, applying for Environmental Authorisation to undertake exploration activities in Block 3B/4B in the Orange Basin off the Northern Cape/South-West Coast of South Africa…

Closely Watched Gazania Wildcat Offshore S. Africa Disappoints

Nov 18, 2022

Eco-Atlantic hasn't found any hydrocarbons in the Gazania-1 exploration well, which is located off the coast of South Africa. The well was drilled in about 150 meters of water, is located 25 kilometers offshore the Northern Cape in the Orange Basin…

Eco Atlantic Starts Operations at Gazania-1 Wildcat Offshore South Africa

Oct 04, 2022

The Island Innovator semi-submersible drilling rig has arrived on Block 2B offshore South Africa, and is set to start operations on the Gazania-1 exploration well.The Gazania-1 exploration well is being drilled in approximately 150 meters of…

Island Drilling's Offshore Rig Lands $30M Contract with Dana Petroleum

Oct 25, 2022

Offshore drilling firm Island Drilling has signed a drilling contract with Dana Petroleum for a drilling program in the UK in 2023.For this, Island Drilling will supply its 2012-built harsh-environment semi-submersible drilling rig, Island Innovator…

Rig on the Move: Eco Atlantic to Spud 'Transformational' Gazania-1 Well Off S. Africa in September

Aug 12, 2022

Oil and gas company Eco Atlantic said Friday it expected to start drilling at its Gazania-1 well off South Africa in September, as the Island Innovator rig, owned by Island Drilling Company AS, was released and mobilized Friday. The Gazania-1 well is located in the Orange Basin in South Africa…

TotalEnergies' Gas Fields Could Generate $450M a year for S.Africa

Sep 16, 2022

TotalEnergies 11B/12B offshore gas field could make a direct annual contribution of at least 8 billion rand ($457 million) to South African government finances, the country's petroleum regulator said on Thursday.'That is not just the overall…

Eco Atlantic Agrees to Buy Guyana-focused JHI

Mar 14, 2022

Oil and gas company Eco Atlantic has agreed to acquire 100% of Toronto-based JHI Associates Inc. ('JHI'), including JHI's 17.5% stake in the Canje Block offshore Guyana.The Canje Block, offshore Guyana, is directly adjacent to the prolific Stabroek…

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