Azinam

Azinam is rated 3 out of 5 in the category oil & energy. Read and write reviews about Azinam. 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. Azinam recently announced a farmout to ExxonMobil and a farm-in as operator to Ricocure’s two blocks in the Orange Basin, offshore South Africa. Offshore South West Africa is an under-explored continental Atlantic margin with significant hydrocarbon potential in two main basins, the Walvis and Orange Basin, the latter straddling the Namibia/South Africa border. Both Basins are gaining increasing industry attention from the international oil industry. Recent new entrants include ExxonMobil, Total, Lundin group (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 Azinam’s licence portfolio.