AziNam increases stake in license offshore Namibia

Sept. 2, 2014
AziNam says a new license has been issued for blocks 2312A&B and 2412A&B offshore Namibia.

Offshore staff

HAMILTON, BermudaAziNam says a new license has been issued for blocks 2312A&B and 2412A&B offshore Namibia.

These are now known as respectively blocks 2312 and 2412A (the central blocks). Chariot Oil & Gas is the operator.

The new license carries a three-year initial exploration phase: work commitments include acquisition and processing of 1,500 sq km (579 sq mi) of3D seismic.

AziNam has increased its holding by 10% to 20%. State company NAMCOR and local partner Ignitus Oil and Gas also entered the license.

09/02/2014