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Wednesday, October 18, 2017
Zarara Oil & Gas’ subsidiary, Midway Resources International, received approval from Kenya’s National Environment Agency (Nema) to drill two natural gas wells off Lamu; the Pate-2 and Pate-3 wells.
According to The East African, the first will be drilled before the end of the year and the second, later in H1 2018. The drilling of Pate-2 is expected to last 120 days and a drilling platform at Greatwall Drilling Company Ltd. has already been mobilized in the country.
The two wells are expected to cost $159 million, according to Geoffrey Wahungu, director of the Nema.
Zarara, through Midway, received an extension on its Kenyan blocks L4 and L13 off Lamu. The two blocks cover an estimated 10,000 sq km.
Zarara is the operator of the two blocks with a 75% stake. Swiss Oil Holdings holds 15% and the Kenyan state, the remaining 10%.
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