Orinduik partners enter into next phase of exploration

Tullow Oil and its joint venture partners in the Orinduik Block located offshore Guyana have elected to enter the next exploration phase of the Orinduik Petroleum Agreement signed on January 14, 2016, and have submitted their official notice to the Department of Energy of the Government of Guyana.

The JV Partners are Eco Atlantic (15% working interest), Tullow (Operator, 60% WI), and Total (25% WI).

Eco said on Tuesday that the entering into of the first renewal period, which will start from January 14, 2020, would see the JV Partners maintain control of the license for further three years, through to January 13, 2023, and until the second renewal period.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.