The rig is now mobilizing to travel to South Africa’s Block B offshore the Northern Cape in the Orange Basin to drill the Gazania-1 exploration well.
It should reach the location by the end of September, subject to weather conditions.
Gazania-1 will target a 300-MMbbl light oil resource and should take about 25 days to drill, with plans to seal and plug the well after the test, leaving no equipment on the sea floor.
If there is a discovery in the main target, the contract carries an option for a sidetrack.
Eco Atlantic operates Block 2B in partnership with Africa Energy, Panoro Energy and Crown Energy.
In addition, Eco has signed joint operating agreements with state oil company NAMCOR for four operated offshore petroleum license interests in Namibia: PEL 97 (Cooper), PEL 98 (Sharon), PEL 99 (Guy) and PEL 100 (Tamar).