Eco Atlantic prepares the Stena Forth Drillship to drill the company’s first well of the year
High hopes for Eco Atlantic in Guyana
CEO Gil Holzman is confident of a major offshore discovery in Guyana following promising exploration findings
Guyana has been transformed from a hydrocarbon backwater into one of the world's most exciting oil plays in recent years. ExxonMobil has made 13 major oil discoveries in its Stabroek block alone, totalling around 5.5bn boe, and Eco Atlantic CEO Gil Holzman is convinced he can replicate this success. Frontier exploration and production company Eco Atlantic (with a 15pc share) is preparing to launch a drilling campaign with its partners Tullow (60pc) and Total (25pc) in the Orinduik block offshore Guyana. "The Stena Forth drillship will sail westwards towards Guyana," says Holzman to Petroleum Economist as his Tullow-contracted drillship leaves West Africa on the way to the first target. "Its
Also in this section
24 June 2025
The country’s latest licensing round attracted bids from IOCs and NOCs in a better showing than its last outreach to bidders
24 June 2025
Africa’s second-largest oil producer is creating the right conditions for the sector to try to boost output, explains Ian Cloke, COO of UK-based Afentra
24 June 2025
The takeover, if it gets the all-clear from regulators and other government authorities, would propel XRG and its parent firm ADNOC into the top tier of global LNG players
23 June 2025
Jet fuel will play crucial role in oil consumption growth even with efficiency gains and environmental curbs, with geopolitical risks highlighting importance of plentiful stocks
