Excellent geology with both liquid and gas plays across three basins – Walvis, Lüderitz and Orange. Extensive 3D seismic data and drilling has already proved up all the elements of a working petroleum system along this part of the Atlantic margin. The potential of these basins is increasingly gaining the attention of successful Atlantic Margin exploration companies.
One of the most attractive fiscal regimes in Africa with Government take in Namibia at c. 57% and South Africa at c. 30% (resource dependent). These regions have low-cost operating and investment environments and benign offshore working environments.
Namibia and South Africa are well connected both to each other and importantly to other parts of Africa through well-established road networks, administrative capacity and deepwater ports at Walvis bay, in Namibia and Port Ngqura, in South Africa. Azinam has first-hand experience operating in the region since 2012 having established its office in Windhoek in 2014
The Namibian and South African governments have formulated national energy policies which assumes an active role in encouraging foreign investment in hydrocarbon exploration and production.