Petroleum Africa
Find us on: 
Tuesday, March 11, 2008
Vangold Resources Ltd. has opened an office in Nairobi, Kenya to facilitate its exploration program in the country, and in Rwanda. According to the company’s CEO, Dal Brynelsen, the office has been established successfully and staffed with “excellent technical people.”
The company also offered an update on its activities in Kenya and Rwanda. In Kenya it was reported that that Vangold retained the services of a technical team made up of three geoscientist consultants and one administration officer. The three geoscientists include an exploration geologist, exploration geophysicist, and a senior geologist. The experienced technical team has developed a clear operational plan and budget for exploring Block 3A.
The company has acquired previous data on Block 3A from the National Oil Corp. of Kenya (NOCK), Kenya’s state-owned firm, and is now re-processing the data. Reprocessing the data will be followed by interpretation, basin modeling, data integration, and establishment of leads/prospects in Blocks 3A & 3B. Before the end of the Initial Exploration Period, which is three years, Vangold will acquire more 2D and 3D seismic data and drill one well.
The company also has an option for a one year study agreement for Block 3B in the Lamu Basin. Vangold said that the block has adequate magnetic and gravity data with some seismic coverage for it to study and has had two wells drilled on it. The data from previous exploration will be re-processed and the company will undertake interpretation and integration of the data including basin modeling for possible existence of active Tertiary, Cretaceous, or Jurassic age petroleum systems. The hydrocarbon prospectivity of Block 3B, based on the existing data, will be established and a lead map for the block generated. Vangold has the option to acquire the block under a Production Sharing Contract or drop the acreage after one year study.
In Rwanda the company has exclusive rights to commence negotiations for a production sharing license for oil and gas in the northwestern part of the country. The company’s technical team had previously undertaken a technical review of all information available and negotiations then commenced. Subsequently, in October 2007 Vangold successfully negotiated and signed a Technical Evaluation Agreement for the East Kivu Graben Basin area located in the Kivu Graben. A one year technical study narrowed the area to 1,631 sq km.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
