In South Africa, Eco holds direct working interests in two offshore Blocks, Block 1 and Block 3B/4B, in the Orange Basin. Please explore the map below to learn more about Eco’s exploration activities in South Africa.
Eco announced the acquisition of Block 1, Offshore South Africa Orange Basin, in June 2024. Block 1 is 19,929km2 in area and is located on the Namibian Border offshore South Africa. The Eastern side of the triangular shaped block stretches approximately 174km along the shoreline and extends approximately 263km West into deep water in the Orange Basin.
Through its 100% owned subsidiary Azinam South Africa Limited the Company will farm-in and acquire a 75% WI from OrangeBasin Oil and Gas (Proprietary) Limited and will become Operator of a new Exploration Right.
Further updates on the plans for the licenses will be made once the requisite government approvals have been received.
| License Partners | Percentage Interest |
|---|---|
| Azinam South Africa limited, subsidiary of Eco Atlantic, (Operator) | 75% |
| Tosaco Energy (Proprietary) Limited | 25% |
Block 3B/4B, located between 120-250 kms offshore western South Africa, covers an area of 17,581 km² and lies in water depths ranging from 300-2500m.
The 3B/4B licence was previously held by BHP Billiton who acquired a 10,000km² GeoStreamer 3D survey in 2012, which the block 3B/4B JV Partners reprocessed in 2022 and is being used to high-grade the leads and prospects towards drilling targets.
| Partners | Percentage Interest |
|---|---|
| TotalEnergies South Africa (Operator) | 33% |
| Qatar Energy | 24% |
| Ricocure (Pty) Ltd | 19.75% |
| Africa Oil Corp. | 17% |
| Azinam, subsidiary of Eco Atlantic | 5.25% |
