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Eco (Atlantic) Oil and Gas Ltd Announces Renewal of Orinduik Petroleum Agreement

Press release content from Accesswire. The AP news staff was not involved in its creation. Eco (Atlantic) Oil and Gas Ltd Announces Renewal of Orinduik Petroleum Agreement March 15, 2021 GMT Renewal of Orinduik Petroleum Agreement Offshore Guyana TORONTO, ON / ACCESSWIRE / March 15, 2021 / Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX‐V:EOG), the oil and gas exploration company with licences in the proven oil province of Guyana and the highly prospective basins in Namibia, announces that the joint venture partners in respect of the Orinduik Block offshore Guyana (the “JV Partners”) have successfully entered into the First Renewal Period of the Orinduik Petroleum Prospecting License initially signed on 14 January 2016 with the Government of Guyana (the “Orinduik Petroleum Agreement”), with the associated notice having now been approved and signed by the Department of Energy of the Government of Guyana (“DOE”) (the “First Renewal Period”).

Tullow Oil and partners Orinduik petroleum agreement renewed

Advertisement Eco (Atlantic) Oil & Gas Ltd. has announced that the joint venture (JV) partners in respect of the Orinduik Block offshore Guyana have successfully entered into the First Renewal Period of the Orinduik Petroleum Prospecting License initially signed on 14 January 2016 with the Government of Guyana, with the associated notice having now been approved and signed by the Department of Energy of the Government of Guyana. The Department of Energy has also provided final approval for the transfer of the Total E&P Guyana B.V. 25% working interest in the Orinduik Petroleum Agreement to a new company jointly owned by Total E&P Guyana B.V. (60%) and Qatar Petroleum (40%), namely TOQAP Guyana B.V. (TOQAP). Accordingly, the JV partners now comprise Eco Atlantic (15% WI), Tullow Guyana B.V. (operator, 60% WI) and TOQAP (25% WI).

Eco Atlantic Oil & Gas Ltd (AIM:ECO) | RNS | Eco (Atlantic) O&G - Renewal of Orinduik Petroleum Agreement

Eco Atlantic Oil & Gas Ltd (AIM:ECO) | RNS | Eco (Atlantic) O&G - Renewal of Orinduik Petroleum Agreement
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Investegate |Eco (Atlantic) O&G Announcements | Eco (Atlantic) O&G: Renewal of Orinduik Petroleum Agreement

Investegate |Eco (Atlantic) O&G Announcements | Eco (Atlantic) O&G: Renewal of Orinduik Petroleum Agreement
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