Petroleum Africa
Find us on: 
Tuesday, January 11, 2022
Pursuant to its announcement that it will be acquiring 100% of Azinam Group Limited (Azinam), the company released an update on its planned 2022 drilling program.
Drilling Planned 2022 Block 2B – South Africa
With Operatorship and a 50% WI acquired in Block 2B, Eco joins block partners Africa Energy Corp. – 27.5% WI (Carried), Panoro 2B Limited – 12.5% WI and Crown Energy AB – 10% WI (Carried) (the “JV Partners”).
Block 2B already has a previous light oil discovery – as there was an offsetting strat well, Soekor A-J1, drilled in 1988 that proved the presence of high-quality oil in the area. Thick reservoir sandstones were intersected between 2,985 meters and 3,350 meters. The well was tested and flowed 191 barrels of oil per day of 36-degree API oil from a 10-meter sandstone interval at about 3,250 meters. The 686 square kilometer 2013 3D seismic data confirmed the up-dip prospectivity of the A-J1 discovery and significant further prospectivity.
In Block 2B, Azinam and the JV Partners have secured a contract with NRG Well Management Ltd, an international well engineering and project management company headquartered in Aberdeen, Scotland, to complete well design engineering and to assist with critical path well planning. The JV Partners have defined proposed drilling targets, completed a seabed survey, conducted a semi-submersible rig tender and begun negotiations to secure critical equipment, including securing a wellhead, and negotiating a rig contract. Eco will step into the role of Operator to drill this well. The Gazania-1 exploration well, expected to be drilled in H2 2022, will target JV Partners’ estimates of 349 million Barrels of Oil (Best Estimate – Gross Prospective Resources) in relatively shallow water depths of less than 200 meters. Block 2B is located in the Orange Basin in South Africa and covers an area of 3,062 km2. The Block is located approximately 300 kilometers north of Cape Town with water depths ranging from 50 to 200 meters. Discussions are ongoing with Eco’s key existing stakeholders in relation to underwriting the funds required to participate directly in the 2022 South Africa drilling activity.
Block 3B/4B:
Eco Atlantic have acquired 20% WI in Blocks 3B/4B and Nearshore 3B/4B Offshore South Africa. Eco joins partners Africa Oil Corp. who is Operator of the Block (20% WI) and Ricocure (Pty) Ltd (60% WI carried). Partners in Block 3B/4B are currently reprocessing a large 3D seismic survey that will be used to high-grade leads towards a drilling prospect. Block 3B/4B is located in South Africa Orange Basin directly south of the currently drilling Namibia Orange Basin wells – Graff-1 (Shell) and Venus-1 (Total Energies).
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
