Spotlight Speaker: Paul Burden, Africa Energy Corp.
With just over 4 weeks to go until PETEX 2018, we want to introduce you to another speaker from the PETEX technical programme! This week we are speaking to Paul Burden from Africa Energy Corp.
His presentation New Ideas Applied to the 1988, A-J1 Rift, Oil Discovery, Orange Basin, West Coast, South Africa is taking place in Hall 2 at 14:30 on Tuesday 27 November. We asked Paul about his presentation and what he is hoping to gain from PETEX.
Who are Africa Energy Corporation?
Africa Energy Corporation (AEC) is a Cape Town/Calgary based company within the greater Lundin Group and was formed in 2015 as an exploration company with an Africa wide focus. The company currently has 13 employees and a number of additional associates many of whom are vastly experienced in Africa. Many of us previously worked for Energy Africa/Tullow Oil and one of us for Africa Oil Corporation (AOC), another Lundin Group company. AEC currently has a largely southern African focus and holds assets in Namibia and South Africa in areas where we perceive that exploration success would be key to the growth of the upstream oil industry in those countries. AEC is currently listed on the Toronto Venture Exchange (TSX) and the Nasdaq First North Exchange in Stockholm.
What does the future hold for oil and gas in South Africa?
Exploration in South Africa has been largely dormant for the last twenty years due to, among other factors, perceived high technical risk and a large degree of uncertainty in the fiscal and legal regime governing oil and gas. This situation will likely change in early 2019 when a prime deep water hydrocarbon play, crucial to the future of the upstream industry in the country will be tested. Should this result in even partial success, it will likely unlock other drilling plans for the various acreage holders in the offshore areas, including a number of major oil companies. Our company has positioned itself to capitalize on this possibility. There are certainly vast areas of as yet untested potential within deep marine plays in the deep offshore and also within the Early Cretaceous rift systems particularly along the South African west coast. The latter are already known to be gas and oil bearing but most of the exploration wells were drilled pre-1990. Recent advances in exploration technology could lead to more efficient and hopefully successful exploration of these plays.
You will be speaking at PETEX 2018 on Day One, what do you hope to gain from the conference?
I am hoping to find potentially attractive opportunities for our company from listening to the various oral presentations, attending the poster sessions and interacting with other delegates. I am also hoping that my presentation will help delegates understand how the application of sedimentary and tectonic principles observed in modern rift valleys in East Africa can help greatly on our understanding and assessment of the petroleum potential of old rift systems that are deeply buried in the subsurface.