STOCKHOLM (Thomson Financial) - Lundin Petroleum AB said it has signed a production sharing contract (PSC) with the Kenyan government, for Block 10A in the Anza Basin of northwest Kenya.
Block 10A covers an area of 14,748 square km and is located in the onshore Anza Basin, an extension of the prolific Muglad Basin of Sudan.
Lundin Petroleum will be the sole operator under the Block 10A PSC, with the Kenyan Government having an option to participate with up to a 13 pct interest following a commercial discovery
'Past exploration efforts dating back to the late 1980's have proven the existence of excellent quality, oil-prone source rocks, oil-saturated sandstone reservoirs, and a multitude of structural traps which remain undrilled,' the company said. hans.chumakonde@thomson.com hc/slj COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Block 10A covers an area of 14,748 square km and is located in the onshore Anza Basin, an extension of the prolific Muglad Basin of Sudan.
Lundin Petroleum will be the sole operator under the Block 10A PSC, with the Kenyan Government having an option to participate with up to a 13 pct interest following a commercial discovery
'Past exploration efforts dating back to the late 1980's have proven the existence of excellent quality, oil-prone source rocks, oil-saturated sandstone reservoirs, and a multitude of structural traps which remain undrilled,' the company said. hans.chumakonde@thomson.com hc/slj COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.