THE Orinduik Block offshore Guyana contains an estimated three billion barrels of oil and gas, Eco Atlantic Oil and Gas disclosed on Tuesday. The report comes even as Eco Atlantic and its partner Tullow Oil prepare to drill for oil in 2019.
Eco Atlantic Oil & Gas holds a 40 per cent working interest in the Orinduik Block while Tullow Oil has 60 per cent. The Orinduik Block is located just 11km from and up-dip to ExxonMobil’s Liza Discoveries. In a resource study dubbed “Competent Persons Report for Certain Assets in Offshore Guyana” published on Tuesday, it was estimated that the Orinduik block contains a resource of around 2.9 billion barrels of oil and gas equivalent in 10 large prospects.
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