In December 2011, the Ministry of Mines and Energy in Namibia awarded Serica an 85% interest in a Petroleum Agreement covering four blocks and part blocks in the Luderitz basin. A 3D seismic survey covering an area of 4,180 square kilometres was completed on 01 October 2012. A number of large structural and stratigraphic prospects have been identified and Serica is in the process of planning an exploration well.

Block(s) Description Role Interest Location Fields/Prospect
2512A, 2513A 2513B and 2612A (part) Exploration Operator 85% Luderitz Basin Offshore Namibia Multi prospect