The Kenyan government has awarded London-listed Dominion Petroleum Block L15, in the offshore Lamu basin.
Dominion said the award of the deep-water block was still subject to the signing of a production sharing contract by the company and Kenya ’s Minister for Energy which was expected take place in the next few weeks.
The initial exploration period for Block L15 will last two years, during which time Dominion will be required to undertake a minimum $2.8 million work commitment which includes the acquisition of 250 square kilometres of 3D seismic.
Following the initial exploration period the company will have the option to relinquish the PSC or commit to another two year program with the obligation to drill at least one well.
“We are delighted to add Block L15 to Dominion’s East Africa deep-water exploration portfolio, one of the most sought after addresses in the exploration industry these days,” Dominion chief executive Andrew Cochran said.
“The region is seeing both growing attention from, and accelerated activity by, major players with Kenya now due for deep-water drilling within the next year following the last year’s successes in Tanzania and Mozambique .”