Petroleum Africa
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Thursday, October 6, 2011
Dominion Petroleum has officially taken control of a 100% interest and operatorship of offshore Block L15 in Kenya’s Lamu Basin. The company signed the PSC with The Ministry of Energy in Nairobi on October 5.
The company will now begin the initial exploration period of the PSC which includes the reprocessing of existing 2D seismic data. Dominion will also carry out block wide G&G studies and acquire a minimum of 250 sq km of 3D seismic data in the initial two-year exploration period. Following this initial period, the company can enter the second two-year period by committing to drill a single exploration well.
Block L15 lies immediately to the north of Block L8, where the estimated 1 billion barrel Mbawa prospect shall likely be drilled in mid 2012. This new block is on the Davy-Walu structural trend, as is Dominion's Block L9. The only well in Block L15 is Kofia-1, which was drilled by Union Oil in 1985 and encountered good oil shows in the Palaeogene and Upper Cretaceous intervals. Planned drilling by other operators along the Davy-Walu trend over the next 12 months may serve to de-risk the prospectivity in both L9 and L15 before firm drilling commitments are made in either PSC.
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