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South Africa: Africa Oil farms into 3B/4B

Africa Oil Corporation’s South African subsidiary has farmed into Block 3B/4B in the Orange Basin, taking 20% from Azinam as interest grows in South Africa and Namibia’s exploration potential following Total’s Brulpadda discovery. Operator Ricocure will retain its 60% interest. Block 3B/4B covers 17,581km2 in water depths ranging from 300 to 2,500 metres on an emerging regional mid-Cretaceous oil play. An inventory of leads and prospects has been identified from an existing 10,020km2 3D survey covering the majority of the block.

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