Eco Atlantic eyes 4.5B barrels of oil with new drill campaign for Orinduik Block
Mar 03, 2025
…seeking partners
Kaieteur News- Canadian Exploration Company, Eco (Atlantic) Oil & Gas Ltd. is advancing plans for a 2025 drilling campaign at the Orinduik Block offshore Guyana, targeting stacked Cretaceous reservoirs similar to those found in the prolific Stabroek Block.
Map showing the location of the Orinduik Block (Eco Atlantic eyes 4.5B )
The company’s latest Competent Person’s Report (CPR) estimates gross prospective resources at 4.5 billion barrels of oil equivalent (MMBOE) in the block.
As part of its strategy, Eco Atlantic has initiated a formal farm-out process to attract partners for the next phase of exploration.
The company, which holds a 100% working interest (WI) in the block said in its 2025 overview that it is actively seeking new partners to support its 2025 drilling campaign targeting multi-million-barrel reserves in the Cretaceous formation.
In November 2023, Eco Atlantic completed the acquisition of a 60% operated interest in the Orinduik Block from Tullow Guyana for US$700,000 in cash, along with future contingent royalty considerations. The block, covering 1,354 square kilometers and located approximately 170 kilometers offshore Guyana is adjacent to the prolific Stabroek Block which is operated by ExxonMobil Guyana Limited that is estimate to hold 11.6 billion barrels of oil.
Eco said that it entered the second phase of the second renewal period in January 2024. Notably, the Orinduik Block has already demonstrated a working petroleum system, with two confirmed discoveries—Jethro-1 and Joe-1—made in 2019 in the Lower and Upper Tertiary formations. While both finds contained heavy oil, further analysis is ongoing to determine development feasibility. Eco’s technical strategy includes targeting stacked pay intervals within a proven marine shale source rock system, with three primary reservoirs: Cretaceous sandstones, Tertiary sandstones, and Cretaceous carbonates.  It was stated that drilling will focus on multiple stratigraphic and structural traps at depths ranging from 4,000 to 5,500 meters.
(Eco Atlantic eyes 4.5B barrels of oil with new drill campaign for Orinduik Block)
Related
Similar Articles
