Azinam Limited is the leading independent Southern Africa Atlantic Margin Oil & Gas exploration company, established in 2012.
Azinam holds working interests in a total of six licences across 62,000km2 of the Walvis basin in offshore Namibia.
Namibia is an under-explored continental margin with significant hydrocarbon potential which is gaining increasing industry attention from a number of major oil companies. Recent new entrants include ExxonMobil, Total, Lundin (through Africa Energy & Pancontinental) and ONGC.
Backed by Seacrest Capital Group, Azinam is leveraging its technical strengths to unlock the significant potential of 10billion barrels of net unrisked prospective resources in the Walvis Basin.
A combination of heightened industry interest in the country and wells planned in 2018 and 2019, coupled with recent licensing and exploration success 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 in the global arena.
Azinam are directly participating in two of the three exploration wells planned in the near-term offshore Namibia. Azinam’s three-year business plan includes drilling eight wells offshore Namibia and South Africa.
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. Seacreast have portfolio investments in North West Europe, West Africa, South East Asia and South America.
With the long-term backing of The Seacrest Capital Group, Azinam is focused on rapidly progressing the exciting opportunities in offshore Namibia.