Johannesburg and New York-listed oil explorer, CAMAC Energy, on Wednesday said CAMAC Energy Kenya had granted seismic contracts for the acquisition of 2D seismic surveys on Block L1B onshore Kenya and Block L16 partly onshore and partly offshore Kenya.
Both deals are on condition of further negotiations and the official endorsement of a final settlement for the provision of seismic services, CAMAC said on Wednesday.
“The objectives of the seismic surveys are to identify the geologic prospect elements that could lead to a commercial hydrocarbon discovery and meet the obligations of the work program,” CAMAC said.
“There are five broad play types in the area that may extend onto CAMAC Energy’s acreage: the pre-rift Permian, Lower Jurassic Karoo equivalent sequences in tilted fault blocks, Jurassic to Lower Cretaceous synrift sediments in drape and roll-over anticlines, Upper Cretaceous fans, and the post-rift Tertiary sequences that include stratigraphic plays and carbonate build-up/reef targets,” it continued.
Segun Omidele, CAMAC Energy’s Senior Vice President of Exploration and Production, said the environmental and social impact assessments have been completed.
“These 2D seismic surveys will continue to advance our work program and our understanding of the petroleum resource potential in these blocks,” said.