Eco Atlantic Oil & Gas Ltd. (LSE:ECO) has signed a strategic collaboration with Navitas Petroleum, establishing framework and option agreements related to the Orinduik Block offshore Guyana and Block 1 CBK offshore South Africa. Under the partnership, Navitas may farm into both licences, securing substantial working interests and potentially assuming operatorship, while funding Eco’s portion of upcoming exploration activities. The alliance is designed to fast-track Eco’s growth plans, strengthen its technical and operational capabilities, and pave the way for future development and commercialisation of its offshore portfolio.
More about Eco Atlantic Oil & Gas
Eco Atlantic Oil & Gas Ltd. is an exploration-focused energy company targeting the offshore Atlantic Margins. Its activities centre on identifying and advancing prospective oil and gas resources, with a strong focus on key emerging basins in Guyana and South Africa.
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