M a r k e t N e w s

MILIO INTERNATIONAL, PANCONTINENTAL OIL AND GAS PLANNING 2D SEISMIC KENYA’S ONSHORE BLOCK L6

Posted on : Friday , 6th November 2015

Block L6 operator Dubai based Milio International is in the process of planning for the seismic acquisition  and is currently coordinating with local authorities according to JV partner Pancontinental Oil and Gas.
This is part of a farm-out agreement where Milio negotiated entry into the onshore area of block L6 in Kenya to earn a 60% interest in exchange for a 2D seismic programme of not less than 1,000km2, drilling and testing of an onshore well and additional costs such as processing and interpretation with no financial obligation falling to Pancontinental.

“Planning for seismic over the area is ongoing, although operational delays have been experienced,” Pancontinental says in a statement.

It is expected that the seismic will define drillable locations on primary prospects Mamba, Kudu and Boundary Anticline within block L6
Milio will be hoping to prove studies that a Miocene reef trend, proven to contain oil by Kenya’s first offshore oil discovery Sunbird 1 well in Block L10A, extends to block L6 where the earlier Maridadi-1 well also encountered oil indications.

Far operated offshore part of block L6 is favourably positioned in the Tembo and Maridadi troughs that constitute a hydrocarbon source kitchen. Potential hydrocarbon trapping prospects have been identified in the L6 area as shown in the below image.
Prospects in the offshore portion of permit L6 are on-trend to Pancontinental’s Sunbird-1 discovery in block L10A, and it is believed that the L6 prospects have access to the same source as prospects in the L10A block.

Source : OIL NEWS KENYA
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