Vanoil in talks with Kenya for licence renewal and acquisition of blocks

oil kenya-rsvstks sxc.huVanoil currently has portfolio of assets in East Africa and in Seychelles in the Indian Ocean. (Image source: rsvstks/sxc.hu)Canadian oil and gas company Vanoil is in discussion with the Kenyan government for license renewals and acquisition with regards to onshore and offshore blocks in the country

Vanoil is currently negotiating to renew its interest in onshore Blocks 3A and 3B, originally acquired in October 2007 through a production sharing contract (PSC) with the government.

These blocks cover a total of 24,912 sq km in the Anza Basin and are geologically analogous to the prolific Muglad and Melmut Basins of South Sudan, besides being geographically close proximity to the recent PaiPai discovery in Kenya, the company said.

With regards to acquisition, the company wants a 10 per cent working interest in the highly prospective 5,110 sq km Block L9 alongside Dominion Petroleum Kenya Limited, a wholly-owned subsidiary of Ophir Energy and FAR Limited.

This block lies directly south of Block L8, which hosts the Mbawa gas discovery made in 2012.

Vanoil currently has portfolio of assets in East Africa and in Seychelles in the Indian Ocean.

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