RE: Exxon drill15 May 2026 12:10
As of May 2026, Eco (Atlantic) Oil & Gas is significantly expanding its footprint in the Guyana-Suriname basin through the acquisition of JHI Associates, strengthening its position in the Canje Block. [1, 2]
Key Developments in the Canje Block (Upstream):
β’ Acquisition of JHI: Eco Atlantic is acquiring JHI Associates in an all-equity deal valued at roughly US$52 million, securing a 17.5% working interest in the ExxonMobil-operated Canje Block.
β’ Exploration Activity: Exploration drilling is ongoing at the Canje block, which is adjacent to the prolific, high-yield Stabroek block.
β’ Target Area: The Canje Block is part of a high-impact, near-term exploration strategy within the Atlantic Margin.
β’ Strategic Partners: The block is operated by ExxonMobil (35%), with other partners including TotalEnergies and Mid-Atlantic Oil & Gas