Bowleven secures three Zambian oil and gas blocks

oil zambia-johnhill wikimedia commonsThe three blocks lie in the Luangwa Rift Valley. (Image source: John Hill/Wikimedia Commons)Africa-focused oil and gas company Bowleven has announced that it has won three exploration blocks onshore Zambia

Bowleven said that it has already applied for the petroleum exploration licenses over Blocks 25, 28 and 29.

The three blocks, which lie in the Luangwa Rift Valley, comprise a major northeast to southwest trending rift basin and regional evidence suggests that the critical elements of a petroleum system exist there, the company added.

The initial exploration period reportedly includes a minimum committed work programme for approximately US$500,000.

Bowleven also announced that in Kenya an airborne geophysical survey over Block 11B was mostly complete and the the initial results were encouraging.

The company is now planning for seismic operations, results of which are expected in the first half of 2014, and the associated tender process were ongoing.

Kevin Hart, CEO of Bowleven, said, “We are delighted to have potentially secured exploration acreage in Zambia, expanding our significant exploration portfolio beyond Cameroon and Kenya.”

He added that the company was also pleased that Block 11B continued to provide very encouraging results.

 

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