3D SEISMIC IN KENYA’S OFFSHORE BLOCKS L27&28 UNLIKELY WITHOUT FARM-OUT

Posted on : Monday , 14th December 2015

Houston based offshore Block L27&28 operator Erin Energy has said it is unlikely to meet its requirements unless a farm-in partner comes on board.

“3D acquisition in L27 & L28 subject to completing a farm-out,” Erin Energy told investors in its last presentation in early December.

The blocks located offshore Kenya at water depths of 7200 to 14700 feet have already seen the acquisition of 2D seismic processed by WesternGeco, a division of Schlumberger with the Geoscience and Engineering Team having identified several leads in the area that are analogous to hydrocarbon discoveries in the greater East African area.
Erin Energy which has 100 percent interest in the two blocks is currently in its first extension and is required to acquire, process and interpret 1,500 square kilometres of 3D seismic data.

In Blocks L1B and L16 which are located onshore and in shallow waters where Erin also moved into first extension period the company is required to acquire 300 sq. km of 3D seismic in late 2016 as well as drill one well.

In 2014 Erin Energy then Camac Energy had said it planned to drill two exploration wells in blocks L1B and L16 by 2016 as well as in Block L27 or L28 by the year 2017.

In Kenya the company holds 4 licenses and the single largest acreage by any single explorer in the Lamu Basin for a combined acreage of 36,913 km2.