{"id":10657,"date":"2021-07-30T09:10:28","date_gmt":"2021-07-30T09:10:28","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=10657"},"modified":"2021-07-30T09:10:28","modified_gmt":"2021-07-30T09:10:28","slug":"eco-atlantic-oil-gas-provides-operational-outlook","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/eco-atlantic-oil-gas-provides-operational-outlook\/","title":{"rendered":"Eco Atlantic Oil &#038; Gas Provides Operational Outlook"},"content":{"rendered":"<p class=\"ne\"><span class=\"lg\">\u00b7\u00a0\u00a0\u00a0\u00a0<\/span><span class=\"lu\">The Company&#8217;s successful negotiation of the reissuance of its four licences in the\u00a0Walvis Basin, Offshore Namibia, lead to the expansion of its acreage position. As announced on\u00a030 November 2020, the Company&#8217;s updated licences in\u00a0Namibia\u00a0cover approximately 28,593 km<sup>2<\/sup>, with over 2.362 BBOE of prospective P50 resources.<\/span><span class=\"lu\">\u00a0<\/span><\/p>\n<p class=\"ne\"><span class=\"lg\">\u00b7\u00a0\u00a0\u00a0\u00a0<\/span><span class=\"lu\">Eco has a strategically significant acreage position in-country and is progressing its various work programmes across its four blocks offshore\u00a0Namibia. The Company has witnessed considerable interest from multiple international oil companies in\u00a0Namibia.<\/span><span class=\"lu\">\u00a0<\/span><\/p>\n<p class=\"ne\"><span class=\"lg\">\u00b7\u00a0\u00a0\u00a0\u00a0<\/span><span class=\"lu\">The Company continues to monitor upcoming drilling activity in the region, which could potentially see up to four exploration wells drilled on behalf of ExxonMobil, Total, Maurel &amp; Prom, and Shell in the next 12 months.<\/span><\/p>\n<p><span class=\"ms\">Gil Holzman, President and Chief Executive Officer of\u00a0Eco Atlantic, commented:<\/span><span class=\"na\">\u00a0<\/span><\/p>\n<p><span class=\"oh\">&#8220;The past year has seen Eco make significant strides across a number of different aspects of its business. In terms of oil and gas exploration, we have made material progress in Namibia, through the successful negotiation and reissuance of our four licences in the Walvis Basin, and in Guyana we have completed a landmark transaction with JHI, ensuring near-term exposure to low risk, high impact drilling activity.\u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00b7\u00a0\u00a0\u00a0\u00a0The Company&#8217;s successful negotiation of the reissuance of its four licences in the\u00a0Walvis Basin, Offshore Namibia, lead to the expansion of its acreage position. As announced on\u00a030 November 2020, the &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/eco-atlantic-oil-gas-provides-operational-outlook\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":10658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[8287,1675,8286],"class_list":["post-10657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-eco-atlantic","tag-namibia","tag-walvis-basin","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Eco-Atlantic_Namibia-Licence-Map_July-2021-761x1024-1.png?fit=761%2C1024&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2LT","jetpack-related-posts":[{"id":9975,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-eco-atlantic-reissued-with-four-licenses-in-walvis-basin-for-10-years\/","url_meta":{"origin":10657,"position":0},"title":"NAMIBIA: Eco Atlantic Reissued With Four Licenses in Walvis Basin for 10 years","author":"","date":"February 25, 2021","format":false,"excerpt":"Eco Atlantic Oil and Gas has announced\u00a0the Company has successfully negotiated the reissuance of its four licenses in Namibia's Walvis Basin for 10 years, which received final Government confirmation on 5 February 2021. Eco Atlantic adds that multiple light sweet oil drilling prospects on the Orinduik block are currently being\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/NamibiaOilGasEcoAtlantic.png?fit=500%2C588&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8947,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-eco-atlantic-oil-gas-provides-operationsl-update\/","url_meta":{"origin":10657,"position":1},"title":"Namibia: Eco (Atlantic) Oil &#038; Gas Provides Operationsl Update","author":"","date":"August 23, 2020","format":false,"excerpt":"Outlook \u00b7\u00a0\u00a0\u00a0\u00a0Eco says it continues to benefit from a strategically significant acreage position in-country and is progressing its various work programmes offshore Namibia. The company is witnessing an increased interest from multiple IOCs in Namibia. \u00b7\u00a0\u00a0\u00a0\u00a0The Company adds it continues to monitor upcoming drilling activity in the region, which could\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15398,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-namibia-eco-atlantic-strengthens-southern-africa-portfolio-through-strategic-partnership-with-navitas-petroleum\/","url_meta":{"origin":10657,"position":2},"title":"SOUTH AFRICA\/NAMIBIA: Eco Atlantic Strengthens Southern Africa Portfolio Through Strategic Partnership with Navitas Petroleum","author":"","date":"December 4, 2025","format":false,"excerpt":"Eco (Atlantic) Oil & Gas Ltd. has announced a major strategic development that reinforces its exploration ambitions in South Africa and Namibia, following the signing of a long-term partnership agreement with Navitas Petroleum. While the wider partnership covers several geographies, the implications for Eco\u2019s southern African assets\u2014Block 1 CBK offshore\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/09\/Eco-Atlantics-Namibia-acreage-following-approval-of-PEL-98-farmout.jpg?fit=445%2C445&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13849,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-eco-atlantic-provides-operational-update\/","url_meta":{"origin":10657,"position":3},"title":"SOUTH AFRICA: Eco Atlantic Provides Operational Update","author":"","date":"August 1, 2023","format":false,"excerpt":"South Africa Block 3B\/4B Post period end, the Company signed a legally binding Letter of Intent with Africa Oil to farm out a 6.25% Participating Interest in Block 3B\/4B, offshore South Africa for up to US$10.5 million in cash. In March 2023, Africa Oil released a New Competent Person's Resource\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/08\/Eco-Atlantic_Namibia-Licence-Map_July-2021-761x1024-1.png?fit=761%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/08\/Eco-Atlantic_Namibia-Licence-Map_July-2021-761x1024-1.png?fit=761%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/08\/Eco-Atlantic_Namibia-Licence-Map_July-2021-761x1024-1.png?fit=761%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/08\/Eco-Atlantic_Namibia-Licence-Map_July-2021-761x1024-1.png?fit=761%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14451,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-namibia-eco-atlantic-reports-transaction-with-africa-oil-corp\/","url_meta":{"origin":10657,"position":4},"title":"SOUTH AFRICA\/ NAMIBIA: Eco Atlantic Reports Transaction with Africa Oil Corp","author":"","date":"July 30, 2024","format":false,"excerpt":"Eco (Atlantic) Oil & Gas has announced\u00a0it has signed an Assignment and Share Cancellation Agreement with\u00a0Azinam Limited,\u00a0Eco's wholly owned subsidiary, Africa Oil Corp. pursuant to which Azinam has agreed to sell and assign a 1% Participating Interest in Block 3B\/4B offshore the\u00a0Republic of South Africa,\u00a0including the associated Exploration Right and\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Africa-Oil-Assets.png?fit=460%2C521&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11068,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-approves-eco-atlantic-operatorship-in-4-licenses\/","url_meta":{"origin":10657,"position":5},"title":"Namibia Approves Eco Atlantic Operatorship in 4 Licenses","author":"","date":"November 2, 2021","format":false,"excerpt":"Eco Atlantic has completed drafting the four new Joint Operating Agreements ('JOA's') for its new Petroleum Licenses offshore Namibia. We have received all paying partner approvals on the JOA's and they are out for review with the National Petroleum Corporation of Namibia (NAMCOR), and local partners. Namibia's Ministry of Mines\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/NAMIBIA-ECO.jpg?fit=750%2C1009&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/NAMIBIA-ECO.jpg?fit=750%2C1009&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/NAMIBIA-ECO.jpg?fit=750%2C1009&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/NAMIBIA-ECO.jpg?fit=750%2C1009&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=10657"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10657\/revisions"}],"predecessor-version":[{"id":10659,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10657\/revisions\/10659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/10658"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=10657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=10657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=10657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}