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Africa Energy Corp. Has Entered into Contract with Odfjell Drilling for Block 11B/12B

An oil and gas company –  Africa Energy Corp., with exploration and evaluation assets offshore South Africa and Namibia, is gratified to proclaim that the joint venture partnership for Block 11B/12B offshore South Africa has entered into a multi-well drilling contract with Odfjell Drilling for the Deepsea Stavanger semisubmersible rig.

Garrett Soden, Africa Energy’s President, commented, “We’re very pleased that Total was in a position to secure the Deepsea Stavanger rig again for the subsequent phase of drilling on Block 11B/12B offshore South Africa. Utilizing the same equipment and crew that drilled the Brulpadda oil and gas discovery earlier this year ought to save time and reduce cost. We look ahead to beginning the multi-well drilling program with the spud of the Luiperd Prospect in Q1-2020.”

Block 11B/12B is situated within the Outeniqua Basin 175 km to the southern coast of South Africa. This block covers an area of 19,000 km2 with water levels ranging from 200 to 1,800 m. The Paddavissie Fairway within the southwest corner of the block contains the Brulpadda discovery and several other submarine fan prospects.

The success at each the Brulpadda primary and secondary targets considerably de-risks the opposite related prospects recognized on 2D seismic. The joint venture partnership for Block 11B/12B not too long ago accomplished the central section of the 3D seismic acquisition program over the Paddavissie Fairway. The Brulpadda nicely outcomes will likely be integrated with the 3D seismic information upfront of subsequent year’s drilling program, which can embrace as much as three exploration wells.

Africa Energy has stakes 49% in Main Street 1549 Proprietary Limited, which has a 10% collaborating interest in Block 11B/12B. Total SA is the operator and holds 45% interest in Block 11B/12B, whereas Canadian Natural Resources Limited and Qatar Petroleum has 20% and 25% interests, respectively.

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