TASE:NVPTOil and Gas
Do Navitas Petroleum (TASE:NVPT) Guyana Talks Redefine Its Offshore Risk‑Reward Strategy?
In January 2026, Eco (Atlantic) Oil & Gas Ltd. announced that, together with Navitas Petroleum, it had entered ongoing discussions with Guyana's Ministry of Natural Resources to secure continuation of appraisal and exploration activities on the Orinduik Block after the licence’s second renewal term ended.
A key detail is that, under Guyana’s Petroleum Act, Eco and Navitas can retain rights to the Jethro-1 and Joe-1 discoveries while their joint appraisal programme is under review,...