Eco’s oil find intensifies
Eco Atlantic Oil and Gas’ search for oil and gas resources off the coast of Walvis Bay was intensified this week after the prospective oil producer acquired a second dimensional survey on its Sharon Block.
The survey will enable Eco Atlantic Oil and Gas extensive coverage in its focus areas, Eco Atlantic announced the commencement of a three dimensional survey of its Cooper Block which will run in partnership with Tullow Kudu Limited, a subsidiary of Tullow plc. The survey will cover 1,097 km. Colin Kinley, Chief Operating Officer of Eco Atlantic said, “This has been a busy and constructive year for Eco Atlantic and its partners, and fits well with our strategy and analysis of the Walvis Basin. The Cooper 3D program is progressing well and we hope to complete with 1,097 square kilometre program by mid November.” Kinley added, “This newly acquired 2D program on Sharon was shot previously and the data quality looks good from our review of the lines. We are advancing our interpretation and knowledge of the basin as a result of previous wells drilled in the region and the availability of good quality information.” “By season’s end this year, we also hope to shoot an additional 1,000km of new 2D data on our Guy Block. With our knowledgeable partners, we are advancing our understanding of this play.
We have steadily progressed with our exploration and interpretation and continue to build confidence in defining the potential of our licenses in this prospective oil play, which should assist in attracting additional partners,” he added.
Work on a 3D seismic survey of the Cooper Block is anticipated to start in 2015. A resource and production assessment will be carried out while Eco Atlantic courting an off-taker. Drilling is anticipated to start no later than March 2016 Eco Atlantic has said.