As of December 2018, 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 interst in the licence in exchange for a commitment to fund one well between 2019 and 2021. Operatorship is available to suitably qualified parties.   In late 2018, Serica is understood to have received an extension to the first renewal period extending the validity of the licence to end December 2019.   To date the company has identified four prospects, the most advanced being Prospect B. The prospect comprises a very large Lower Cretaceous carbonate platform with a P50 gross resource potential of 622 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            P90            P50            Mean            P10            Unit               Prospect B            Barremian            102            693            1928            4509            MMbo               Aptian            17            171            729            1632            MMbo               Prospect F            Aptian            118            318            398            777            MMbo               Prospect D            Aptian            19            139            423            980            MMbo               Channel Lead A            Aptian            5            41            143            327            MMbo               Source: IHS            Â             Â             Â             Â             Â             Â©   2015 IHS          Â   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.  For futher information contact: graham.pritchardl@serica-energy.com  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 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. 