Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa, is pleased to announce that the Odfjell Deepsea Stavanger semi-submersible rig has departed Bergen, Norway for South Africa to commence the upcoming multi-well drilling program on Block 11B/12B.
Garrett Soden, the Company’s President and CEO, commented: “We are excited to begin the next phase of
exploration drilling on Block 11B/12B offshore South Africa. The Odfjell rig is mobilizing from Norway to
South Africa in order to spud the Luiperd-1 well by September. Luiperd is the largest prospect in the
Paddavissie Fairway and has been de-risked by the nearby Brulpadda discovery and subsequent 3D seismic
Deepsea Stavanger drilled the basin-opening Brulpadda oil and gas discovery on Block 11B/12B in February
2019. Block 11B/12B is located in the Outeniqua Basin 175 kilometers off the southern coast of South Africa.
The block covers an area of approximately 19,000 square kilometers with water depths ranging from 200
to 1,800 meters. The Paddavissie Fairway in the southwest corner of the block includes the Brulpadda
discovery, as well as several large submarine fan prospects that have been significantly de-risked by the
discovery and subsequent 3D seismic acquisition.
Africa Energy holds 49% of the shares in Main Street 1549 Proprietary Limited, which has a 10% participating interest in Block 11B/12B. Total E&P South Africa B.V. is operator and has a 45% participating interest in Block 11B/12B, while Qatar Petroleum International Upstream LLC and CNR International (South Africa) Limited have 25% and 20% participating interests, respectively, in Block 11B/12B.