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 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
