Tullow Oil is a multinational oil and gas exploration company, quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW) and is a constituent of the FTSE 250 Index. Tullow Oil is focused on finding and monetising oil assets in Africa and the Atlantic Margins and has a portfolio of over 120 licenses for exploration and production assets in Africa, Latin America, the Caribbean and Europe.

Tullow has oil and gas reserves and resources as at 30th June 2016 of approximately 1108 mmbbl, of oil, 974.2 bcf of gas and 1270 mmboe of petroleum. Tullow’s total production for the year to 31 December 2015 was approximately [73,400 boepd – annualised].

• Operator and holds 60% working interest in the Orinduik Block, offshore Guyana
• Tullow carries Eco Atlantic for US$1.25m of the 3D survey required in the initial four years of the exploration programme work commitment

NAMCOR is an integrated oil and gas company, wholly owned by the Government of Namibia. The Company is a legally enacted entity under the Namibian Companies Act of 1973. Under the Petroleum Act, NAMCOR engages in reconnaissance, exploration and production operations either on its own or in partnership with other organisations in the oil and gas industry.

AziNam is a well-funded, fast growing private oil and gas exploration and production company focused on opportunities in Namibia. AziNam is wholly owned by Seacrest, a Bermuda based private equity company that invests solely in the global offshore oil & gas industry. Seacrest has invested in a number of portfolio companies dedicated to the exploitation of offshore opportunities globally.

Cooper Block

• 32.5% working interest
• 40% carrying of 3D seismic

Sharon Block

• 20% working interest
• 40% carrying of 3D seismic

Guy Block

• 30% working interest
• 51% carry of seismic

Africa Oil Corp. recently invested CAD $14m in Eco Atlantic and is a ~19% shareholder of the Company. Currently with over $400m cash in hand, it has formed a Strategic Alliance with Eco Atlantic to seek new mutual exploration opportunities

• Africa Oil Corp. subscribed for 19.77% of the Company and invested CAD $14 million (£8.46 million) at a 28% premium to the then market price (as of 10th November 2017)
• Funds will be used to actively identify, negotiate and contract new oil and gas exploration assets and conduct the initial work programmes
• Keith Hill, President and CEO of AOC, was appointed to the Board of Eco
• Strategic Alliance Agreement with AOC to bid jointly on any new assets or ventures proposed to be acquired by Eco

Eco has a partnership with Total E&P Activités Pétrolières, a wholly owned subsidiary of Total S.A., a French multinational oil and gas company. The oil major Total produces almost 2.7m boe/d of hydrocarbons per year, making it one of the largest international oil and gas companies in the world.
It boasts operations in 130 countries across all five continents, with over 98,000 employees worldwide.

In 2017 it was the most profitable oil and gas major, recording US$10.6 billion net adjusted income.

As part of Total’s aim to prepare the future of energy, it is constantly renewing its portfolio by developing its exploration strategy. The company prides itself on its relationships with key partners to drive this forward.

Interest

• 25% Working Interest in the Orinduik Block, Offshore Guyana