Kenya grants Rift with onshore exploration rights

Onshore_pump_jack_-_Rift_Energy_in_KenyaThe Kenyan government has granted Rift with exploration rights of onshore Block L19. (Image source: Paul Lowry)Rift Energy Corp has announced the acquisition of Block L19 after signing a production sharing contract (PSC) with the Kenyan government

The PSC has granted Rift with oil and gas exploration rights over Block L19, covering approximately 12,000 sq km of the onshore Lamu Basin, in southern Kenya.

Rift president and chief executive officer Fred Zaziski stated, "We are very excited to commence an exploration programme in Kenya. Block L19 has tremendous upside potential.

“It is on trend with several offshore blocks where Apache, Anadarko, Total and other large companies each have multi-million dollar exploration programs in progress. Additionally, this block is located very near the port city of Mombasa, which could give us a ready market should we make a major oil or gas discovery,” he added.

After Rift’s technical team has reviewed gravity maps and other data, the hydrocarbon potential is to be assessed through a planned exploration program.

There has, however, only been one well drilled in this block previously. The Ria Kaluli 1 well, drilled in 1962, reached a depth in excess of 1,500 metres, but was plugged after encountering oil shows in the Karoo formation.

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