The initial $2 million payment secures Navitas exclusive farm-in options not only for the Orinduik Block in Guyana but also for Block 1 CBK offshore South Africa, underscoring the scale and ambition of the partnership. The Orinduik Block, operated today by Eco with a 100% working interest, has long stood out for its proximity to ExxonMobil’s prolific Stabroek acreage and for earlier discoveries – Jethro-1 and Joe-1 – that proved a working petroleum system but required further appraisal to determine development pathways. With Navitas now proposing to take up to an 80% stake and operatorship, and Eco carried through both an exploration well and the appraisal program, the block’s prospects have never looked brighter.

Navitas brings robust financial capacity, technical depth and a record of executing on development-stage assets, with a portfolio spanning North America and the Falkland Islands. Importantly, the company is demonstrating commitment through a $2 million payment for exclusive options, followed by $2.5 million upon exercising the Orinduik farm-in. With the carry capped at $55 million gross, Eco gains a meaningful opportunity to de-risk its most significant asset without diluting its exposure to potential upside.

For Guyana, the move expands the diversity of its offshore investor base at a strategic moment. A new operator entering the basin with an appetite for frontier and near-development plays provides the type of momentum that fuels innovation, accelerates drilling timelines and encourages new capital inflows. Should Navitas finalize operatorship, the work program expected to emerge from a joint Eco–Navitas visit later this month could set the stage for a multi-well exploration and appraisal campaign in 2026–27. This represents a direct boost to activity levels just as Guyana deepens its role as the Caribbean’s energy anchor.

The implications extend beyond the Orinduik block. The partnership includes future asset cooperation between Eco and Navitas, enabling joint pursuit of additional opportunities across Eco’s portfolio, spanning Namibia, South Africa and other Atlantic Margin plays. For the Caribbean, this signals widening connectivity between regional and global exploration dynamics. Guyana’s offshore sector remains the focus, but Caribbean-wide energy planning now routinely factors in investment patterns stretching from the Orange Basin to the wider South Atlantic.

The upcoming Caribbean Energy Week (CEW) serves as the premier platform for shaping the region’s collective energy vision, spotlighting investment opportunities and fostering alignment between government, operators, financiers and technology providers. Guyana’s story has dominated the region’s energy dialogue, but in 2026 the Eco–Navitas partnership will introduce fresh discussion points tied not only to the basin’s geology, but also to financing models, multi-operator ecosystems and collaborative appraisal strategies.

CEW 2026 will also examine how smaller- and mid-cap operators can accelerate value creation in frontier settings. Discussions are expected to explore how varied operator profiles contribute to balancing local content, development speed and infrastructure expansion, and how Guyana can continue integrating new entrants into its fast-evolving market.

More broadly, the partnership underscores escalating interest in the Caribbean’s role within the Atlantic energy corridor. The strengthening of ties between operators active in Guyana and those expanding in South Africa and Namibia reflects the emergence of a shared frontier exploration narrative. This interconnectedness will shape CEW’s agenda, which will increasingly emphasize cross-regional learning, integrated investment strategies and the Caribbean’s role in global supply stability.