Azinam is the leading independent Southern Africa Atlantic Margin focused Oil & Gas exploration company. The Company was established in 2012 with the support of Seacrest Capital Group.
Azinam currently holds working interests in a total of six licences (62,000km2) over areas of the Walvis and Lüderitz basins offshore Namibia. In 2018 Azinam entered into agreements to take 40% working interest in two new licences over areas of the Orange Basin offshore South Africa. Upon South African government approval of the Exploration Rights, Azinam will hold 8 licences and a total acreage of 80,530km2 offshore Namibia and South Africa, becoming the largest direct acreage holder in the region (on a gross basis).
The South West Africa Atlantic Margin offshore Namibia and South Africa is an under-explored continental margin with significant hydrocarbon potential in three principle sedimentary basins; the Walvis, the Lüderitz and the Orange Basin, the latter straddling the Namibia/South Africa border. This area is gaining increasing attention from the international hydrocarbon exploration industry. Recent new entrants to the area include ExxonMobil, Kosmos Energy, Total SA, and the Lundin group through investments in Eco (Atlantic) Oil & Gas, Impact Oil & Gas and Africa Energy.
A combination of heightened industry interest in the country and wells planned in 2019 and 2020, coupled with recent licensing and exploration activity in geologically analogous regions within the South Atlantic margins, including the Falkland Islands, Brazil, South Africa and Angola, has made the region one of the most attractive potential hydrocarbon provinces the globally.
Azinam’s three-year business plan includes the objective of drilling eight high-impact, multi-billion barrels of oil potential wells offshore Namibia and South Africa, thoroughly testing the margin’s potential and exploiting low drilling costs.
The Seacrest Capital Group
The Seacrest Capital Group is a premier energy investment group focused on the upstream exploration segment of the oil & gas industry. Since 2010, Seacrest’s investment strategy has been to leverage its proprietary data, relationships and direct management capabilities to build a diversified and global direct investment portfolio. Seacrest’s portfolio includes a number of geographically focused E&P companies with operations in the United Kingdom, Norway, West Africa, Ireland and South America.
With the long-term backing of The Seacrest Capital Group, Azinam is focused on rapidly progressing its exciting opportunities in offshore Namibia and South Africa.