KEYFACT Energy
In November 2023, Eco (Atlantic) confirmed that its acquisition of Tullow Guyana B.V. ("TGBV"), a wholly owned subsidiary of Tullow Oil, completed.
Following the closing of the Transaction, Eco is now the Operator of the Orinduik Block and holds, in aggregate, a 75% Participating Interest via Eco Orinduik B.V. (60%) and Eco (Atlantic) Guyana Inc (15%). TOQAP Guyana B.V continues to hold a Participating Interest of 25%.
As previously announced, a formal farm-out process for the Orinduik Block has commenced, and further updates will be made as appropriate.
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