Private equity-backed player Azinam has finalised a farm-in to a block in the Orange basin off South Africa.
The company, backed by Seacrest Capital Group, has received government approval for the deal reached last year with Johannesburg-based Ricocure to take a 40% stake in Block 3B/4B in the Orange basin.
Located between 120 and 250 kilometres from shore, Block 3B/4B lies in water depths of between 300 and 2500 metres.
