Pancontinental Oil and Gas seeks farminee in Kenyan blocks

Australian explorer Pancontinental Oil and Gas has said it is seeking farminee for additional drilling post-Sunbird discovery in blocks L10A & L010B.

The company that owns 18.75 percent interest in block L10A and 25% interest in L10B in its latest report says that it plans to conduct follow-up drilling in 2015 having announced Kenya’s first offshore oil discovery in the beginning of the year.

Currently Pancontinental says it is now conducting a 3D seismic survey totaling 4,800km2 to identify commercial-sized oil targets in a variety of carbonate (reef) and clastic (sandstone) targets.

Crombec N, Longclaw Stack, Weaver Stack and Chatterer are under consideration for next wells.

The company is also seeking a farminee in the offshore block L6 where it holds 40 percent interest offshore and 16 percent onshore.

The block with an estimated 3.7 billion barrels of oil has its hydrocarbon potential centered along the Maridadi Trough the source kitchen.

Offshore the company aims to farm-out and drill the Kifaru Prospect in either Q3/Q4 2015.