Eco Atlantic holds a 60% participating interest in the Sharon Licence, which covers an area of 5,700km2. Partners include NAMCOR and AziNam.
|Eco Atlantic (operator)||60% interest||46.67%|
|NAMCOR||10% participating interest||Carried|
|AziNam||30% participating interest||100% (2D), 53.33% (3D)|
AziNam funded Eco Namibia’s share of costs for the 3000 km2 2D seismic survey for the Sharon Block. AziNam will also fund 55% of a 1000 km2 square 3D seismic survey on the Sharon Block.
Committed work programme:
|Water depth||100m to 500 m|
|Licence terms||5 years + 2 renewal terms of 2 years|