Azinam targets new well

摘要

PRIVATE equity-backed Azi-nam has set its sights on drilling an exploration well off South Africa targeting what it hopes could be the country's first major offshore oil producer, after agreeing a farm-in deal with Africa Energy. The company, backed by Sea-crest Capital, is taking a 50% stake in Block 2B in the Orange basin off the north-west coast, also taking over operatorship.