A U.S.-based oil and gas exploration, development and Production Company Camac Energy will start exploration activities in Kenya.
Studies finished by the firm show
that the drilling may net 900 million barrels of oil in the Lamu basin.
Camac plans to commence drilling in two exploration wells in the Lamu basin which is onshore.
The company has interests in several blocks onshore in Kenya all which it hopes to start drilling next year.
Camac energy completed gravity and magnetic surveys as well as and environmental and social impact on Block L1B, and one in Block L16.
According to Camac Energy the firms activities on Block L1B are targeting net unrisked prospective resources of 900 MMBO (million barrels of oil).
Kenya has become a frontier for oil and gas exploration after British firm Tullow and it’s strategic partner Africa Oil made successive commercially viable oil finds along the Turkana area.
Block L1B, and one in Block L16
