Kenya blev det inget med. Svar på varför finns i videon tillsammans med mycket annat.
https://m.youtube.com/watch?v=mLg8VSvFUwY
Information från Eco som AOI är delägare i.
Citat:
“We have a very strategic position in the basin,” Eco CEO Gil Holzman said this week. “Block 3B/4B is exactly on trend with Graff and Venus”, Shell and Total’s finds respectively. The two majors are drilling at the moment, with the French company having brought in a second rig recently.
Bright Orange
Africa Oil is the operator of the block, with a 20% stake. Eco has a stake via Azinam, with 26.25%, while Ricocure has 53.75%. The licence is big, covering 17,581 square km, with a recent report giving a P50 resource of just over 3 billion barrels.
The plan is to farm out a stake in the licence and then begin drilling.
“The entire area is very active with people looking for acreage, there’s a keen interest, more than eight companies have approached us for access to our data room,” Holzman said. “We are here to drill exploration wells and we are getting closer.”
Next for Gazania
As Holzman noted, Eco was a partner in the Gazania well on Block 2B last year, offshore South Africa. The well failed and two partners, Crown Energy and Africa Energy recently pulled out.
Eco, though, is staying the course. The block holds a light oil discovery, of around 40 million barrels. While this is not enough to be commercial on its own, adding another find would change the story.
As such, the remaining partners – Eco and Panoro – are applying for a production right on the area. The group has met all its exploration requirements, Holzman noted. There is a moratorium on new exploration licences.
A production licence would give the companies time to continue their analysis and their next steps – in addition to working out the joint venture’s structure.
Beyond South Africa
Eco also has four blocks in Namibia’s Walvis Basin and a stake in the Orinduik block, offshore Guyana.
No commercial finds have been made in the Walvis Basin yet, although oil was recovered to surface at a well in 2013.
“The Walvis Basin has a future, with areas in the west the most attractive, since companies like Total and Shell have proved the technology to drill in that water depth,” the Eco executive said. The company is in talks with a number of companies around bringing a partner in, although it is not in an official farm-out process.
“We have been in Namibia since 2009 and met all our work obligations. We have four blocks, one of the largest acreage holdings in the country. Namibia is a great place to work and the geology – even outside the Orange Basin – is very attractive.”
Guyana, too, is reliant on third parties for progress. The partners discovered heavy oil on the licence in 2019. “Tullow Oil has decided not to develop it, we were keen to enter the next exploration phase with drilling as soon as 2024. But Tullow is no longer an exploration company, it’s only focus is on Ghana.”
As a result, there is a “bottleneck” for development at Orinduik. Eco, Holzman said, is finding ways to restructure the joint venture. “Until the Tullow problem is solved, we are stuck.”
[url]https://www.energyvoice.com/oilandgas/africa/ep-africa/504634/eco-seeks-deals-unlock-drilling-orange-basin-focus/[/URL
