Eco Atlantic Secures Strategic Orange Basin Block Control in South Africa
Canadian oil and gas company Eco Atlantic has significantly expanded its Southern African footprint by securing operatorship and a 75% working interest in Block 1, strategically positioned in South Africa’s highly prospective Orange Basin. The formal approval from South Africa’s Department of Mineral and Petroleum Resources represents a major milestone for the AIM-listed company’s regional expansion strategy.
Spanning an impressive 19,929 square kilometers and straddling the South Africa-Namibia border, Block 1 offers complete margin coverage from shoreline to deepwater environments. The block’s prime location places it directly adjacent to recent major discoveries by international operators including Galp’s Mopane find, Shell’s Graff-1 and Jonker-1X discoveries, and TotalEnergies’ Venus discovery.
Co-Founder and CEO Gil Holzman highlighted the strategic importance of securing “one of the largest and prospective blocks in the entire basin with a known hydrocarbon footprint.” The block encompasses the significant Soekor AF-1 gas discovery, which tested at an impressive 32.4 million standard cubic feet per day, and Soekor AE-1, which encountered substantial oil and gas shows.
Eco Atlantic has acquired extensive high-quality datasets including comprehensive 2D and 3D seismic surveys and regional well logs, significantly accelerating the path to drilling while reducing early-stage exploration costs and timelines. The company anticipates launching a formal farm-out process in August 2025, with considerable international interest already evident from major oil companies and mid-tier partners.
Source: offshore-energy.biz