Serica Energy PLC has been awarded an 85% interest in a petroleum agreement that covers four large blocks and part blocks in the Luderitz basin off Namibia.
Serica Energy Namibia BV was awarded the blocks in partnership with National Petroleum Corp. of Namibia (Pty.) Ltd. and Indigenous Energy (Pty.) Ltd.
The award includes blocks 2512A, 2513A, 2513B, and part of 2612A that total 17,400 sq km in the center of the basin. Seismic data show large four-way dip closed structures lying wholly in the undrilled deepwater parts of the license area together with the potential for sizable trapping mechanisms in stratigraphic pinchouts towards the shelf margin, Serica said.
During the initial 4-year exploration period Serica will shoot a large 3D seismic survey and reprocess existing 2D data. Drilling will likely start in the third or fourth year of the initial period.