{"id":8950,"date":"2020-08-24T12:30:28","date_gmt":"2020-08-24T12:30:28","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=8950"},"modified":"2020-08-24T12:32:24","modified_gmt":"2020-08-24T12:32:24","slug":"south-africa-africa-energy-increases-stake-in-block-11b-12b","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-africa-energy-increases-stake-in-block-11b-12b\/","title":{"rendered":"SOUTH AFRICA: Africa Energy Increases Stake in Block 11B\/12B"},"content":{"rendered":"

Africa Energy\u00a0 has announced the signing of definitive agreements to increase its effective interest in Block 11B<\/span>\/12B<\/span>\u00a0offshore\u00a0South Africa<\/span>\u00a0from 4.9% to 10%.<\/p>\n

“Block 11B<\/span>\/12B<\/span>\u00a0offshore\u00a0South Africa<\/span>\u00a0contains one of the most exciting oil and gas exploration plays in the world today. In anticipation of the Luiperd-1X well results expected later this year, we have agreed with Impact and Arostyle to simplify and consolidate Main Street’s 10% interest in Block\u00a011B<\/span>\/12B<\/span> under Africa Energy.” Garrett Soden<\/span>, the Company’s President and CEO, commented.<\/p>\n

Africa Energy currently holds 49% of the shares in Main Street 1549 (Proprietary) Limited, which has a 10% participating interest in Block 11B<\/span>\/12B<\/span>. Total E&P South Africa B.V. is operator and has a 45% participating interest in Block\u00a011B<\/span>\/12B<\/span>, while Qatar Petroleum International Upstream LLC and CNR International (South Africa<\/span>) Limited have 25% and 20% participating interests, respectively, in Block\u00a011B<\/span>\/12B<\/span>.<\/p>\n

The Company is pursuing two transactions by which Africa Energy will first secure the indirect financial interest held by Impact Oil & Gas Limited and then obtain an option from Arostyle Investments (RF) (Proprietary) Limited , which holds 51% of the shares in Main Street, to acquire the entire Participating Interest after drilling the Luiperd-1X well<\/a>. Following the Impact Transaction and exercise of the Arostyle Option, subject to various consents and approvals, Africa Energy will directly hold the Participating Interest, and both Impact and Arostyle will be significant shareholders of Africa Energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Africa Energy\u00a0 has announced the signing of definitive agreements to increase its effective interest in Block 11B\/12B\u00a0offshore\u00a0South Africa\u00a0from 4.9% to 10%. “Block 11B\/12B\u00a0offshore\u00a0South Africa\u00a0contains one of the most exciting oil … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[2944,8290,7746,8288,8291,8289,3110,2371,2533],"class_list":["post-8950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-africa-energy","tag-arostyle-investments","tag-block-11b-12b","tag-cnr-international","tag-impact-oil-gas-limited","tag-luiperd-1x-well","tag-qatar-petroleum","tag-south-africa","tag-total","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Block-11B-12B.jpg?fit=765%2C317&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2km","jetpack-related-posts":[{"id":8998,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-total-begins-drilling-of-luiperd-1x-offshore-well-in-block-11b-12b\/","url_meta":{"origin":8950,"position":0},"title":"SOUTH AFRICA: Total Begins Drilling of Luiperd-1X Offshore Well in Block\u00a011B\/12B","author":"","date":"August 30, 2020","format":false,"excerpt":"Block 11B\/12B JV partner Africa Energy has announced spud of the Luiperd-1X well, the second exploration well on Block\u00a011B\/12B\u00a0offshore\u00a0South Africa\u00a0following the Brulpadda discovery in\u00a0February 2019. Jan Maier, Africa Energy's VP Exploration, commented: \"The Outeniqua Basin offshore\u00a0South Africa\u00a0remains an under-explored, world-class hydrocarbon province. The Luiperd-1X well will test the eastern area\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Deepsea-Stavanger.jpg?fit=700%2C525&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Deepsea-Stavanger.jpg?fit=700%2C525&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Deepsea-Stavanger.jpg?fit=700%2C525&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Deepsea-Stavanger.jpg?fit=700%2C525&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9515,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-announces-luiperd-1x-test-results\/","url_meta":{"origin":8950,"position":1},"title":"Africa Oil Announces Luiperd-1X Test Results","author":"","date":"December 8, 2020","format":false,"excerpt":"Africa Oil\u00a0 has announced\u00a0 drill stem test results for the Luiperd-1X well, the second major discovery on Block 11B\/12B offshore South Africa. The Company holds an indirect interest in the project as a result of its equity interests in Africa Energy Corp. (19.9%) and Impact Oil & Gas Limited (31.1%).\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Maersk-Developer.jpg?fit=750%2C499&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Maersk-Developer.jpg?fit=750%2C499&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Maersk-Developer.jpg?fit=750%2C499&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Maersk-Developer.jpg?fit=750%2C499&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10403,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-total-assessing-the-feasibility-of-an-early-production-system-in-block-11b-12b\/","url_meta":{"origin":8950,"position":2},"title":"SOUTH AFRICA: Total Assessing the Feasibility of an Early Production System in Block 11B\/12B","author":"","date":"June 9, 2021","format":false,"excerpt":"Africa Energy has reported that the joint venture partners with Total as operator on Block 11B\/12B\u00a0offshore\u00a0South Africa are assessing the feasibility of an early production system for a possible phased development of the Paddavissie Fairway. Jan Maier, Africa Energy's VP Exploration, commented, \"We are very encouraged by the contemplation of\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14442,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-totalenergies-exits-from-offshore-blocks-11b-12b-5-6-7\/","url_meta":{"origin":8950,"position":3},"title":"SOUTH AFRICA: TotalEnergies exits from offshore Blocks 11B\/12B & 5\/6\/7","author":"","date":"July 30, 2024","format":false,"excerpt":"Following the decision of the partner CNRI to withdraw from Block 11B\/12B, TotalEnergies also announces its withdrawal from this block, off the Southern coast of South Africa, in which its affiliate TotalEnergies EP South Africa holds a 45% interest. TotalEnergies entered into Block 11B\/12B in 2013 and made two gas\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/South-Africa-TotalEnergies-Blocks.png?fit=661%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/South-Africa-TotalEnergies-Blocks.png?fit=661%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/South-Africa-TotalEnergies-Blocks.png?fit=661%2C659&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":8504,"url":"https:\/\/www.oilnewskenya.com\/index.php\/deepsea-stavanger-starts-mobilization-to-south-africa\/","url_meta":{"origin":8950,"position":4},"title":"Deepsea Stavanger starts mobilization to South Africa","author":"","date":"July 3, 2020","format":false,"excerpt":"Odfjell drilling has reported that from 19 May 2020, the Deepsea Stavanger\u00a0 started its mobilization to South Africa for the Luiperd prospect under the Total contract in\u00a0 offshore Block 11B\/12B where the French company is the operator with a 45% interest. Block 11B\/12B is located in the Outeniqua Basin approximately\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Block-11B-12B.jpg?fit=765%2C317&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Block-11B-12B.jpg?fit=765%2C317&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Block-11B-12B.jpg?fit=765%2C317&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Block-11B-12B.jpg?fit=765%2C317&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15751,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-africa-energy-announces-esia-submission-in-block-11b-12b\/","url_meta":{"origin":8950,"position":5},"title":"SOUTH AFRICA: Africa Energy Announces ESIA Submission in Block 11B\/12B","author":"Samuel Kamau Mbote","date":"May 6, 2026","format":false,"excerpt":"Africa Energy, through its investment in Main Street 1549 Pty Ltd., which holds an interest in Block 11B\/12B, offshore the Republic of South Africa, has obtained a further extension for the submission of a new Environmental and Social Impact Assessment (ESIA) to November 4, 2026 The further extension to the\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Africa-Oil-Assets.png?fit=460%2C521&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=8950"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8950\/revisions"}],"predecessor-version":[{"id":8951,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8950\/revisions\/8951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/8505"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=8950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=8950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=8950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}