Eco (Atlantic) Oil & Gas (LSE:ECO) said it is holding constructive discussions with Guyana’s Ministry of Natural Resources regarding the future of its appraisal and exploration programme on the offshore Orinduik Block, following the expiry of the block’s second renewal term on 14 January 2026.
Under the provisions of Guyana’s Petroleum Act, Eco and its partner Navitas Petroleum are able to retain their interests in the Jethro-1 and Joe-1 discoveries while an appraisal plan remains under review. The partners have submitted joint proposals designed to safeguard access to these discoveries and to optimise the configuration of the block in a way that aligns government priorities with shareholder value.
The company described the talks as part of a standard regulatory process and said they reflect its ongoing efforts to secure a clear, value-enhancing development pathway in the Guyana-Suriname Basin. Maintaining a presence in the basin, one of the most closely watched offshore oil provinces globally, remains a key strategic objective for Eco as it works to advance its portfolio.
More about Eco Atlantic Oil & Gas
Eco (Atlantic) Oil & Gas is an exploration-focused oil and gas company listed on both the TSX Venture Exchange and AIM. The group concentrates on offshore Atlantic Margin basins, holding licence interests in Guyana, Namibia and South Africa, with a strategy centred on developing relatively low carbon intensity oil and gas resources in emerging markets close to existing or planned infrastructure.
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