{"id":12699,"date":"2022-10-04T07:13:09","date_gmt":"2022-10-04T07:13:09","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=12699"},"modified":"2022-10-04T07:13:09","modified_gmt":"2022-10-04T07:13:09","slug":"south-africa-eco-atlantic-announces-commencement-of-operations-on-the-gazania-1-well","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-eco-atlantic-announces-commencement-of-operations-on-the-gazania-1-well\/","title":{"rendered":"SOUTH AFRICA: Eco Atlantic announces Commencement of Operations on the Gazania-1 well"},"content":{"rendered":"<p class=\"fh\"><span class=\"fi\">Eco Atlantic has<\/span><span class=\"es\"><span class=\"ai\"> announced the arrival of the Island Innovator Semi-Submersible Drilling Rig on Block 2B and the commencement of operations of the Gazania-1 Exploration Well.<\/span><\/span><span class=\"fl\">\u00a0<\/span><\/p>\n<p class=\"fm\"><span class=\"fn\">Eco holds a 50% Working Interest in Block 2B and is Operator of the block. The drilling location is located 25km offshore the Northern Cape in Orange Basin South Africa in approximately 150 meters of water. \u00a0<\/span><span class=\"fo\">The Gazania-1 Exploration Well is being drilled to a depth of approximately 2,800 meters through a multizone pay section. The well is being drilled up dip of the AJ-1 Discovery Well on the block, which proved approximately 50 million barrels of contingent resources.<\/span><span class=\"eo\">\u00a0<\/span><span class=\"fp\">\u00a0<\/span><span class=\"fp\">\u00a0<\/span><\/p>\n<p class=\"fh\"><span class=\"fn\">The Gazania-1 Prospect is targeting over 300 million barrels of light oil. Pending discovery in the vertical section the JV partners have the option to directionally drill a second sidetrack well from the main well bore. Both the vertical well and the sidetrack optional well will be logged and then plugged back to surface, the well will be sealed, plugged and the casing cut off below surface. No equipment will remain on the sea floor.\u00a0<\/span><span class=\"es\">\u00a0<\/span><\/p>\n<p class=\"fh\"><span class=\"fl\">The JV partnership in respect of Block 2B comprises\u00a0Eco Atlantic\u00a0(50% WI and Operator), Africa Energy Corp (27.5% WI), Panoro 2B Limited, a subsidiary of Panoro Energy ASA (12.5% WI), and Crown Energy AB (10% WI).<\/span><\/p>\n<p class=\"fh\"><span class=\"fl\">\u00a0<\/span><\/p>\n<p class=\"fh\"><span class=\"es\">Colin Kinley, Co-founder and Chief Operating Officer of\u00a0Eco Atlantic, commented:<\/span><\/p>\n<p class=\"fh\"><span class=\"es\">\u00a0<\/span><\/p>\n<p class=\"fq\"><span class=\"en\">&#8220;Drilling Gazania-1 offers a significant opportunity to\u00a0South Africa\u00a0to open up the\u00a0Orange Basin. A number of prior discoveries in the region are changing the understanding of this Basin both in\u00a0South Africa\u00a0and\u00a0Namibia\u00a0where recent multi-billion-barrel discoveries have opened the gate to a new era of economic and resource opportunity. The Discovery at AJ-1 is extremely helpful in creating the opportunity on the Gazaina-1 well that we are confident that the decades of science will prove out.<\/span><span class=\"en\">\u00a0<\/span><\/p>\n<p class=\"fq\"><span class=\"en\">&#8220;This well is being drilled to define the opportunity and the initial path in the Basin. We are drilling this strictly as an Exploration well. Once we have defined the resources here,\u00a0South Africa\u00a0and the JV partners will make its choices and we will determine the next stage of development. Eco appreciates all the support of the South African Government, the local industries and local communities in the communication, participation and planning of this well.<\/span><span class=\"en\">\u00a0<\/span><\/p>\n<p class=\"fq\"><span class=\"en\">&#8220;W<span class=\"ai\">e are entering an exciting and busy period of drilling and work programmes and we look forward to updating the market, our partners and all stakeholders in the coming weeks on our progress and the Gazania-1 exploration well results.&#8221;<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eco Atlantic has announced the arrival of the Island Innovator Semi-Submersible Drilling Rig on Block 2B and the commencement of operations of the Gazania-1 Exploration Well.\u00a0 Eco holds a 50% &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-eco-atlantic-announces-commencement-of-operations-on-the-gazania-1-well\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":12562,"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":[10665,10743,274,9104,8287,9266,10742,9513,8316,2371],"class_list":["post-12699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-africa-energy-corp","tag-aj-1-discovery-well","tag-block-2b","tag-crown-energy","tag-eco-atlantic","tag-gazania-1","tag-island-innovator-semi-submersible-drilling-rig","tag-orange-basin","tag-panoro-energy","tag-south-africa","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/SOUTH-AFRICA-AREA-2B-GAZANIA.webp?fit=745%2C422&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3iP","jetpack-related-posts":[{"id":11949,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-eco-atlantic-signs-rig-contract-for-block-2b\/","url_meta":{"origin":12699,"position":0},"title":"SOUTH AFRICA: Eco Atlantic Signs Rig Contract for Block 2B","author":"","date":"March 3, 2022","format":false,"excerpt":"Eco (Atlantic) Oil & Gas has announced that the Joint Venture partnership of Block 2B, offshore\u00a0South Africa, has entered into a drilling contract for the Island Innovator semi-submersible rig with Island Drilling Company AS for the upcoming drilling of the Gazania-1 well.\u00a0 The Block 2B JV partners are Africa Energy,\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\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12363,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-eco-atlantic-to-spud-the-gazania-1-well-this-september\/","url_meta":{"origin":12699,"position":1},"title":"SOUTH AFRICA: Eco Atlantic to spud the Gazania-1 well this September","author":"","date":"June 22, 2022","format":false,"excerpt":"Eco (Atlantic) Oil & Gas through its wholly owned subsidiary Azinam South Africa Limited plans to spud the Gazania-1 well, 25km offshore the Northern Cape in\u00a0South Africa\u00a0in \u00a0September 2022. The well will take approximately 25 days to drill.\u00a0\u00a0 Eco Atlantic\u00a0acquired 100% of\u00a0Azinam Group\u00a0as initially announced on\u00a010 January 2022, which increased\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\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12561,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-eco-atlantic-commences-rig-mobilisation-for-gazania-1\/","url_meta":{"origin":12699,"position":2},"title":"SOUTH AFRICA: Eco Atlantic Commences Rig Mobilisation for Gazania-1","author":"","date":"August 13, 2022","format":false,"excerpt":"Eco (Atlantic) Oil & Gas\u00a0 has confirmed that the Island Innovator rig, owned by Island Drilling Company AS, was released and mobilised on Friday 12th August 2022.\u00a0 The rig is now under contract to Eco and its JV partners and will move on to\u00a0the Gazania-1 well on Block 2B, 25km\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\/08\/South-AfricaTranskei-Algoa.jpg?fit=602%2C320&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/South-AfricaTranskei-Algoa.jpg?fit=602%2C320&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/South-AfricaTranskei-Algoa.jpg?fit=602%2C320&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12153,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-eco-atlantic-deposits-20m-as-capex-for-the-gazania-1-well-on-block-2b\/","url_meta":{"origin":12699,"position":3},"title":"SOUTH AFRICA: Eco Atlantic Deposits $20M as Capex for the Gazania-1 well on Block 2B","author":"","date":"April 21, 2022","format":false,"excerpt":"Africa Energy Corp. has reported that Eco (Atlantic) Oil & Gas Ltd. has deposited approximately US$20 million\u00a0in escrow to support its capital expenditure requirements for the Gazania-1 well on Block\u00a02B\u00a0offshore\u00a0South Africa after closing the acquisition of Azinam Group Limited. Garrett Soden, Africa Energy's President and CEO, commented, \"We are excited\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\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/SOUTH-AFRICA-AREA-2.jpg?fit=745%2C422&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12838,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-offshore-gazania-1-well-disappoints\/","url_meta":{"origin":12699,"position":4},"title":"SOUTH AFRICA: Offshore Gazania-1 Well Disappoints","author":"","date":"November 21, 2022","format":false,"excerpt":"Eco Atlantic has announced that the Gazania-1 well on Block 2B, offshore South Africa, which spudded on October 10, 2022, reached target depth of 2,360m but did not show evidence of commercial hydrocarbons. The well will now be plugged and abandoned as planned.\u00a0 The well logging is currently on-going 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\/2022\/08\/SOUTH-AFRICA-AREA-2B-GAZANIA.webp?fit=745%2C422&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/SOUTH-AFRICA-AREA-2B-GAZANIA.webp?fit=745%2C422&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/SOUTH-AFRICA-AREA-2B-GAZANIA.webp?fit=745%2C422&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/SOUTH-AFRICA-AREA-2B-GAZANIA.webp?fit=745%2C422&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14344,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-eco-atlantic-farms-into-20000km2-offshore-block-1-relinquishes-block-2b\/","url_meta":{"origin":12699,"position":5},"title":"SOUTH AFRICA: Eco Atlantic Farms\u00a0into 20,000km2\u00a0Offshore Block 1 Relinquishes Block 2B","author":"","date":"June 5, 2024","format":false,"excerpt":"Eco (Atlantic) Oil & Gas announces the Farm-In into Block 1\u00a0Offshore South Africa Orange Basin. Through its 100% owned subsidiary\u00a0Azinam South Africa Limited, the Company will farm-in and acquire a 75% Working Interest from\u00a0Tosaco Energy (Proprietary) Limited\u00a0and will become Operator of a new Exploration Right. Tosaco intends to transfer its\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\/06\/South-Africa-Block-1.jpg?fit=472%2C472&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/12699","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=12699"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/12699\/revisions"}],"predecessor-version":[{"id":12700,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/12699\/revisions\/12700"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/12562"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=12699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=12699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=12699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}