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Eco Atlantic completes 3D seismic survey offshore Namibia

14/11/2014 by Sharon Shahzad

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Eco (Atlantic) Oil & Gas Ltd. has completed 1,097 sq km 3D seismic work on its Cooper block in the Walvis basin offshore Namibia. PGS Geohysical Ltd. (PGS) shot the survey and is now in the processing stage.

Eco Atlantic holds a 45% working interest in the block with partners, Tullow Kudu Ltd. and AziNam Ltd., holding 25% and 20% working interest, respectively. NAMCOR holds a 10% interest.

Once drilling targets are identified for Cooper block, Tullow has the option to acquire an additional 15% working interest in exchange for a full carry of Eco Atlantic’s exploration drilling cost in addition to the repayment of 18% of Eco Atlantic’s past costs.

This article has been extracted from http://www.ogj.com, please click on this link to read the article in full http://www.ogj.com/articles/2014/11/eco-atlantic-completes-3d-seismic-survey-offshore-namibia.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+latest-news-ogj+(OGJ+-+Latest+News)

Montash is a multi-award winning, global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

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Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

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