Serica Energy reported that, subject to the consent of the Ministry of Mines and Energy in Namibia, BP will be joining Serica in the exploration of License 0047 offshore Namibia by farming-in to Serica's interest.

The License, comprising Blocks 2512A, 2513A, 2513B and 2612A (part), was recently awarded to Serica Energy Namibia B.V. (a wholly owned subsidiary of Serica) and covers an area of approximately 6,718 square miles (17,400 square kilometers) in the deep water central Luderitz Basin. Serica currently has an 85 percent interest in the blocks. Its partners are the National Petroleum Corporation of Namibia (Pty) Limited ("NAMCOR") (10 percent) and Indigenous Energy (Pty) Limited ("IEPL") (5 percent). Both NAMCOR's and IEPL's interests are carried by Serica for prescribed work programs.

Tags: BP PLC, Serica Energy plc