CAMAC Energy targets 900 MMBO in Kenya’s Lamu basin

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Camac energy has announced that it is targeting net unrisked prospective resources of 900 MMBO in onshore Block L1B from five leads.

CAMAC has already carried out an Environmental and Social Impact Assessment Study in the block with 2d seismic expected later in the year with a geological and geophysical study incorporating the newly acquired data expected thereafter.

In the company’s most recent operational update CAMAC energy says it has submitted invitation to tender requests to seismic companies that are active in the region with final bids are due early May 2014.

Drilling of exploration wells in block L1B and L16, which the company also has a 100 percent net interest with the Kenyan government having the option to participate up to 20% upon development, is expected in 2015/16.

Currently CAMAC Energy says it is building a dataset for a Geological and geophysical study at Blocks L27 and L28 even as it is processes data from the acquisition of multi-client 2D seismic in March 2014.

Following the processing of results from the 2D seismic CAMAC energy will use the data to outline the location for a 3D seismic acquisition which will then be processed to interpret the geologic framework.

Evaluations are being directed towards drilling one exploration well in either Block L27 or Block L28 in 2016/2017.

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