Eco Atlantic signs joint operating agreements for offshore Namibia licenses

Eco Atlantic NAMCOR Azimuth joint operating agreementsEco Atlantic Oil & Gas signed joint operating agreements with Azimuth and NAMCOR. (Image source: tigerweet/flickr)Eco Atlantic Oil & Gas has announced it has signed three joint operating agreements with the National Petroleum Corporation of Namibia (NAMCOR) and Azimuth regarding its license blocks offshore Namibia

The joint operating agreements cover the Guy, Sharon and Cooper license blocks located in the prospective Walvis Basin.

Colin Kinley, COO of Eco Atlantic, said, “The agreements signed by NAMCOR and Azimuth are important for the company and will enhance the exploration efforts of our three offshore blocks. We support the maturity of the partnerships, and embrace the opportunity to work with experts at NAMCOR and Azimuth.

“Collectively, we bring extensive oil and gas experience to the Walvis Basin. We understand this oil play and the significant potential it has and look forward to working collaboratively with both companies to continue our exploration work in the Walvis Basin, where significant drilling activities are scheduled for 2013 commencing this quarter,” Kinley added.

Meanwhile, Obeth Kandjoze, managing director of NAMCOR, commented, “We are very pleased to sign the joint operating agreement with Eco Atlantic and Azimuth on the Sharon, Cooper and Guy licenses offshore Namibia.

“The partnership brings significant offshore oil and gas experience which will no doubt assist in the exploration and development of the licenses in the prospective Walvis Basin. This agreement also signifies the international support and interest in the development of Namibia’s oil and gas resources,” Kandjoze noted.

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