As of mid-2020, it is understood that Serica Energy plc (Serica) is still looking to farm out a stake in its PEL 0047 (Blocks 2512A, 2513A&B and 2612A (part)). The licence covers roughly 17,400 sq km in the LÃ¼deritz Basin. Water depth ranges from approximately 200 m to 3,000 m. The interests in the permit are shared between Sericaâs wholly owned subsidiary Serica Energy Namibia B.V., operator with 85%, the National Petroleum Corporation of Namibia (Pty) Ltd (NAMCOR) 10% and Indigenous Energy (Pty) Ltd 5%.   The company is looking for a joint venture partner to earn a material percentage of its 85% working interest in the licence in exchange for a commitment to fund one well prior to December 2021. Operatorship is available to suitably qualified parties.   The company has defined four prospects:  The large stratigraphic Channel A and shelf-edge F Prospects, plus the structural D prospect, all in clastic play mapped on the existing 3D seismic data where they can receive charge from the lower Aptian and Barremian "kudu" source rocks.  The four-way dip closed Prospect D can be tested in shallow water and is supported by a type 1 AVO anomaly suggesting a rigid porous reservoir.  Prospect B comprises a very large Lower Cretaceous carbonate platform with a P50 gross resource potential of 693 million barrels of oil. The Barremian structural closure with an aerial closure of 700 sq km and relief of 300 m has morphological similarities to known carbonate reservoirs worldwide. Oil may be sourced from the regionally proven late Barremian to early Aptian post-rift âKudu Shaleâ, which is modelled as mature within the licence or from deeper syn-rift lacustrine shales.   Prospect and Lead list          Â Prospect         Â          Level         P50         Mean         P10         Unit             Prospect B         Barremian         693         1928         4509         MMbo             Aptian         171         729         1632         MMbo             Santonian         1.2         22         33         Â              Prospect D         Aptian         68         226         520         MMbo             Aptian         58         164         383         Â              Aptian         13         33         77         Â              Prospect F         Aptian         253         599         1,301         MMbo             Channel Lead A         Aptian         41         143         327         MMbo             Source: IHS Markit         Â          Â          Â          Â          Â© 2020 IHS        Â   For futher information contact:   Mike Lakin  Tel: 0044 (0)20 8566 1310  Email: deliver@envoi.co.uk  Background Information  On 3 November 2011, Serica confirmed the award of exploration rights over Blocks 2512A, 2513A&B and 2612A (part). The official signature of the petroleum agreement was announced on 4 January 2012. During the initial exploration period, which would last four years, 3D seismic data would be acquired and the existing 2D seismic data reprocessed. The interests in the permit were shared between Sericaâs wholly-owned subsidiary Serica Energy Namibia B.V., operator with 85%, NAMCOR 10% and Indigenous Energy (Pty) Ltd 5%.  Serica announced on 25 June 2012 that the Minister of Mines and Energy in Namibia had approved the assignment by Serica of a 30% interest in Blocks 2512A, 2513A&B and 2612A (part) to BP. Under the terms of the farm-in announced on 15 March 2012, BP agreed to a 30% interest in deepwater central LÃ¼deritz Basin in return for the full cost of a 4,180 sq km 3D seismic survey across the licence. The interests were shared between Serica Energy Namibia B.V., operator with 55%, BPâs subsidiary Exploration (LÃ¼deritz Basin) Ltd 30%, NAMCOR 10% (carried) and Indigenous Energy (Pty) Ltd (IEPL) 5% (carried).  On 20 December 2013, Serica announced that BP had decided not to exercise an option to increase its interest in the Luderitz Basin licence. The option which expired at the end of 2013, required BP to drill one well within the licence prior to year end 2015. Under the terms of the agreement BP re-assigned its 30% interest to Serica, effective as of end 2013. Serica operates the licence through its wholly-owned subsidiary Serica Energy Namibia B.V. with and 85% interest, partners NAMCOR and Indigenous Energy (Pty) Ltd will hold 10% and 5% interests respectively.  Serica announced on 1 October 2012 the completion of a 4,180 sq km 3D seismic survey in the south-eastern part of its licence. Conducted by Polarcus Seismic Ltd with the âPolarcus Nadiaâ vessel, the seismic programme started on 10 May 2012. The objective was to fully delineate a large four-way dip closed structure (Prospect B), identify potential pinch-out prospects and find hydrocarbon indicators. The data indicates the presence of significant channel sand features with associated strong seismic amplitudes. The survey was initially expected to be completed in three months but weather conditions disrupted the schedule. The full cost was met by BP.
Namibia (LÃ¼deritz B.), Serica confirms it is still looking to farmout PEL 47 (blocks 2512A, 2513A&B and 2612A (part)), roughly 17,400 sq km in the LÃ¼deritz Basin in WD 200-3,000m, in exchange for a commitment to fund one well by Dec '21. Operatorship is available to suitably-qualified parties. Currently Serica (op) 85%, Namcor 10%, Indigenous Energy 5%.