Eco Atlantic has spudded what will be a highly watched exploration well in South Africa’s Orange basin, chasing some 300 million barrels of potential oil resources.

Located in shallow water in Block 2B, the Gazania-1 probe is targeting at least two oil prospects that could house more than 300 million barrels of oil in a rift play, close to a legacy oil discovery called A-J1 that was drilled in the late 1980s.

Semi-submersible Island Innovator in now drilling ahead in 150 metres of water, with the well aiming for a total depth of about 2800 metres subsea.