More positive activity in the area:
AziNam ups Namibian block stake
Namibia-focused player AziNam has increased its footprint in the frontier African nation after taking an additional stake in an offshore block.
"AziNam said on Tuesday it is “planning to progress with a major seismic acquisition programme shortly” off Namibia.
On Tuesday managing director David Sturt said: “The Namibian coastline continues to offer a significant frontier exploration province holding huge exploration potential. To date, the wells drilled by other operators have proved up the existence of a working petroleum system, we now need to focus on identifying the right conditions for the presence of large hydrocarbon accumulations.
We have recently seen a new wave of major international oil companies moving into the region including Shell, Tullow OMV and Murphy. This has added further exploration interest and momentum within the area."
Ann: Placement, page-121
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