×

Africa Energy announces Block 11B/12B operations update

17th June 2021

Africa Energy, an oil and gas company with exploration assets offshore South Africa and Namibia, has announced that the joint venture partners on Block 11B/12B offshore South Africa are assessing the feasibility of an early production system for a possible phased development of the Paddavissie Fairway.

©africaenergycorp.com

Jan Maier
, vice- president, Africa Energy’s exploration, commented, “The accelerated development timeline could significantly decrease the required capital expenditures to reach first production from Block 11B/12B, which has existing nearby gas infrastructure and demand. The development of the Paddavissie Fairway will have positive implications for the South African economy and will be critical in facilitating the country’s energy transition away from coal through a domestic natural gas supply.”

Block 11B/12B is located in the Outeniqua Basin 175 kilometres off the southern coast of South Africa. The block covers an area of approximately 19,000 square kilometres with water depths ranging from 200 to 1,800 metres. The Paddavissie Fairway in the southwest corner of the block now includes both the Brulpadda and Luiperd discoveries, confirming the prolific petroleum system. The original five submarine fan prospects in the fairway all have direct hydrocarbon indicators recorded on both 2D and 3D seismic data and intersected in the wells, significantly de-risking future exploration. 

Africa Energy holds 49% of the shares in Main Street 1549 Proprietary Limited, which has a 10% participating interest in Block 11B/12B. Total E&P South Africa B.V. is operator and has a 45% participating interest in Block 11B/12B.


Source: Oil Review Africa (originally published on 8th June 2021)

EXECUTIVE MEMBERSHIP

Explore the benefits of our executive energy network

Our network of senior executives facilitates collaboration and deal flow.

LEARN MORE FOLLOW US
Side Image