20 April 2021 5:56 GMT
Updated
20 April 2021 8:31 GMT
in
London
Private equity backed player Azinam is set to drill a keenly watched well near an oil discovery offshore South Africa after finally closing a farm-in deal and gaining a mining tycoon as a partner.
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New operator Azinam South Africa will target an estimated 349 million barrels of oil - on a best estimate gross prospective resources basis – at the Gazania-1 follow-on well on Block 2B in the Orange basin.
The company, backed by Seacrest Capital, has closed a