AziNam, an offshore, Namibia-based exploration company, received government approval to assume operatorship of Petroleum Exploration License (PEL) 34 offshore Namibia. During 2014, AziNam increased its working interest in PEL 34 from 20% to 40%.
Also, AziNam opened an office in the center of Windhoek’s business district. The office is staffed by a team of experienced industry personnel led by Uaapi Utjavari, who was formerly an executive upstream manager at Namcor, the Namibian state oil company. The Windhoek-based team will be the hub of AziNam’s commercial, technical and operational functions in-country and will play an integral role in developing the company’s exploration portfolio in the region.
AziNam managing director, David Sturt, said: “Receiving approval from the government of Namibia and the Ministry of Mines and Energy to assume the operatorship of PEL 34 is another vote of confidence in the company’s ability. Across our Namibian portfolio, we have carried out aspects of the technical evaluation work and managed a number of operational projects on behalf of the partnerships. We view our move to operator status as a natural progression and an endorsement of our technical and operational capabilities.”
According to AziNam, the company has the leading offshore Namibia geology and geophysics database. “Combining the database with a holistic and comprehensive analysis of the potential petroleum systems offshore Namibia, AziNam has constructed the dominant acreage position in the Walvis and Luderitz basins and will continue to advance its understanding of the subsurface.”
AziNam is backed by the Seacrest Group and holds interests in six licenses covering about 67,000sq km across the Walvis and Luderitz basins offshore Namibia, partnering with Tullow Oil, Maurel et Prom, Chariot Oil and Gas and Eco (Atlantic) Oil and Gas. Since 2011, Seacrest Capital Group has invested in a number of successful new exploration companies in the UK, Norway, West Africa, Ireland, South East Asia and South America.
Image courtesty of AziNam
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