Gil Holzman Co-Founder and CEO of Eco Atlantic commented: "We are pleased to have completed this acquisition, subject to final Approval to issue the shares. we now own and operate a number of highly prospective licences in three of the most exciting regions for exploration in the world: Guyana, Namibia and South Africa. We continue to make strong progress towards the upcoming drilling of the Gazania-1 well, offshore South Africa, and following the signing of the rig contract earlier in the month we anticipate drilling to commence in late Q3 2022. We look forward to making further updates on our strategic acreage in due course."
Read the latest issue of Oilfield Technology in full for free: Issue 4 2021
The issue starts with a report from Rystad Energy focusing on the outlook for the upstream industry in the Middle East. The rest of the issue is dedicated to features covering production optimisation, drill bits, pipeline integrity, health and safety, and more.
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Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/11032022/eco-atlantic-oil-gas-completes-azinam-acquisition/
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