Eco’s experience in Guyana began in 2014 before the first ever Stabroek Liza oil discovery, Eco were awarded the Orinduik licence in early 2016. Eco holds 100% working interest in the Orinduik Block and an indirect, ~1.3% working interest in the Canje Block. Please explore the maps below to learn more about each block.
In Guyana, Eco Guyana holds a 100% working interest in the 1,354 km2 Orinduik Block in the well proven Suriname-Guyana basin.
The Orinduik Block is situated in shallow water (70 – 1,400m), 170 km offshore Guyana and is located 11km up-dip from ExxonMobil’s Liza discovery and 6km up-dip from Hammerhead discovery on the Stabroek Block. In 2019 two oil discoveries at Jethro-1 and Joe-1 were made, both wells encountered high quality reservoirs containing mobile heavy crude.
Eco is now working on the overall prospect inventory in particular the cretaceous horizon and developing plans to unlock value from this acreage through additional exploration wells.
Canje Block, offshore Guyana operated by ExxonMobil, is located ~180km offshore Guyana, covers ~4,800km2 in deep to ultra-deep water (1,700m-3,000m), and contains prospectivity in both continental slope and basin floor targets. Canje Block lies adjacent and directly Northeast (outboard) of the prolific Stabroek.
In 2021, Eco acquired a 6.4% interest in JHI Associates Inc. with the option to increase its stake to 10% on a fully diluted basis, which provided Eco with exposure to two exploration wells on Canje Block. In 2022, Eco increased its interest in JHI Associates Inc. to 7.35% which is ~1.3% of the Canje Block.