The Luderitz Basin is one of three under-explored sedimentary basins lying south of the Walvis Ridge offshore Namibia. Blocks 2512A, 2513A, 2513B and 2612A (part) lie wholly within the Basin and cover an area of 17,384 square kilometres. Serica has an 85% working interest in the blocks and is looking to secure partners to jointly explore what it believes to be a highly prospective frontier basin with world-class potential. Serica’s partners in the licence area are National Petroleum Corporation of Namibia (Pty) Limited (NAMCOR) (10%), and Indigenous Energy (Pty) Limited (5%).
Three large four-way dip-closed structures (prospects A, B and C) have been identified in the blocks with stacked reservoir potential at Lower Cretaceous, Upper Cretaceous and Palaeocene levels, each with mapped closures well in excess of several hundred square kilometres. In addition, leads have been indentified within canyon - channel and shelf margin plays, with the potential for trapping significant hydrocarbon volumes in stratigraphic pinch-outs. Focus to-date has been on Prospect B, comprising a Lower Cretaceous (Barremian) carbonate platform mapped on high-quality, extensive 3D seismic data shot by Serica in 2012, and which has been high-graded for drilling.