Eco Atlantic has announced plans to carry out 3D seismic surveys on its deepwater blocks, PEL 99 and PEL 100, next year during the optimal weather window to ensure safe and efficient offshore operations.
Eco President and CEO, Gil Holzman, said the company is in talks with service providers, including TGS and other operators active in the region, to conduct the surveys.
“We are in discussions with service providers, including TGS and others who are very active in the region. We plan to conduct our committed 3D surveys next year during the weather window, after which we will process and analyse the data to interpret the findings and eventually identify drilling targets,” Holzman said.
He added that once drilling sites are identified, Eco plans to partner with a major operator for the next phase of exploration and development. The surveys form part of the company’s broader strategy to expand Namibia’s deepwater oil and gas potential while ensuring robust technical and operational planning.
“With these surveys, we aim to better understand the deepwater reservoirs and prepare for the next phase of drilling,” Holzman said.
The announcement follows Eco Atlantic securing extensions across all four of its Namibian petroleum exploration licences and farming out its entire 85% stake in PEL 98, known as the Sharon Block, to Lamda Energy, a wholly Namibian-owned company.
The Ministry of Industries ,Mines and Energy has granted a one-year extension to the Initial Exploration Period for PELs 97, 98, 99 and 100, extending it until September 2026.
The extensions also provide for an optional two-year First Renewal Period, a further one-year extension, and a two-year Second Renewal Period.
Eco said the new framework will allow it to concentrate on unlocking hydrocarbon potential in its deeper water blocks while continuing to support local ownership.
