LatAmOil: Eco hopes for light oil find at Orinduik

UK-based Eco (Atlantic) Oil & Gas has expressed optimism about the prospects for a major discovery at the Orinduik block offshore Guyana, noting that the eastern section of the licence area is very close to several fields within the neighbouring Stabroek block.

Eco, a minority shareholder in the Orinduik consortium, said last week that it was working with its partners to update the inventory of drilling targets and to choose exploration drilling sites. The consortium hopes to make a final selection and begin preparations for drilling in the near future, it stated.

The British company did not identify any of the drilling sites under consideration. However, it did stress that the eastern section of Orinduik had the advantage of proximity to Liza, the first oilfield to come on stream at Stabroek. “Eco continues to firmly believe that Orinduik offers significant upside, with the eastern section of the block closer to the established Liza oil trend than any other block offshore Guyana,” it said.