Eco Atlantic and its operating partner Tullow have completed an approximate 2,500 km2 3D seismic survey on the Orinduik block offshore the Republic of Guyana.
The 3D survey was conducted by Schlumberger Guyana (WesternGeco) and has now been completed successfully and on schedule, Eco Atlantic noted.
Eco Atlantic holds a 40% working interest in Orinduik, and Tullow, the operator, holds the remaining 60%.
The Orinduik block is located up dip and just a few kilometers from Exxon’s recent Liza and Payara discoveries confirming, by Exxon’s estimates between 2.25 and 2.75 billion barrels of recoverable oil.
The partners will now begin the processing and interpretation of the data.
Colin Kinley , CEO and co-founder of Eco Atlantic, said: “I am happy to announce the successful completion of this 3D survey with essentially no technical down time or weather standby, we have had stable seas throughout the survey and full serviceability from the vessel providing us continuous acquisition of high resolution data. Our next immediate steps are to begin processing the data which we will do this fall and the parallel interpretation. Our goal is to evaluate and de-risk our existing leads to better define the reservoir characteristics and define potential drilling targets.”