Kenya has upped its efforts in oil exploration after it signed a production sharing contract with oil exploration firm CAMAC Energy, an American based company.
Intelligence shows CAMAC Energy is a United States based company involved in exploration, development and production of oil and gas.
The company had previously acquired blocks in Lamu before it acquired the tow newly demarcated deepwater blocks off Kenya coast.
CAMAC will be the operator with 90% stake in all blocks with the government of Kenya taking 10% of the rest.
According to contract,the offshore blocks are L27 and L28 both which cover 21,170 sq km combined just east of offshore blocks L11A and L11B operated by Anadarko Petroleum Corp.
CAMAC’s onshore blocks are Block L1B , and Block L16 in the Lamu basin. L16 is bordered on the east by Block L8, operated by Apache Corp., and is just northwest of Block L9, operated by Ophir Energy PLC.
