Envoi has been engaged by Serica Energy to assist in the search for a partner for their Licence 047, covering a very prospective 17,000 km2 area of the largely unexplored Luderitz Basin, offshore Namibia. Serica own an 85% interest in the Licence which they operate on behalf of their partners NAMCOR (10%) and Indigenous Energy (5%).
Serica's comprehensive work on the Licence, since award in 2011, has included acquisition of a large 4,179 km2 3D seismic survey in the southern part of their acreage. This has been instrumental in defining the area's prospectivity and accurately imaging drillable prospects for the first time (not possible on the pre-existing 2006 2D data). These contain the same stacked Cretaceous shelf slope clastic & platform carbonate plays that the Majors have recently been farming into in the Walvis Basin immediately to the north, and where Tullow is now scheduled to drill a well in September. Serica has so far mapped a total of 6 prospects and leads in their Licence, of which the four primary closures have a combined mean resource potential of over 2.5 Billion bbls recoverable and an upside of over 4+ Billion bbls recoverable.
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