Eco Atlantic, Navitas Engage Guyana on Offshore License Extension

Eco (Atlantic) Oil & Gas has started discussions with the Government of Guyana regarding the continuation of its appraisal and exploration program on the offshore Orinduik Block, following the expiry of the license’s second renewal term.

The Orinduik license reached the end of its second renewal term on January 14, 2026. Eco Atlantic said provisions under Guyana’s Petroleum Act allow the company to maintain rights to the Jethro-1 and Joe-1 discoveries pending approval of a submitted appraisal program.

Eco Atlantic is holding the discussions together with Navitas Petroleum, with the Ministry of Natural Resources and the Guyana Geology and Mines Commission in receipt of joint submissions covering appraisal and exploration work plans.

The company said the ongoing dialogue forms part of a customary regulatory process under the existing legislative framework and follows Eco Atlantic’s framework agreement with Navitas.

Eco Atlantic said it is pursuing what it described as the most efficient and value-accretive path forward that would be acceptable to the Guyanese authorities and aligned with responsible exploration and potential development.

“We continue to