Kenya: Cove takes stakes in BG-operated blocks

By OGJ editors
HOUSTON, May 17
-- Cove Energy PLC has taken equity interests in two blocks off Kenya operated by BG Group PLC.

Cove signed production sharing contracts and will hold a 25% interest in Block L10A and a 15% interest in Block L10B.

The blocks cover a combined area of more than 10,400 sq km in the southern Lamu basin in 200-1,900 m of water. They are adjacent to and inboard of deepwater blocks L11A and L12, part of a package of five contiguous deepwater blocks in which Cove has a 15% interest.

Interests in the blocks are BG Group 40% in L10A and 45% in L10B, Premier Oil Investments Ltd. 20% in L10A and 25% in L10B, and Pancontinental Oil & Gas NL has 15% interest in both blocks.

The partnership will shoot seismic in coming months. Cove said it sees potential hydrocarbon fairways in continuity with its adjacent deepwater blocks L11A and L12.

Related Articles

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin

03/19/2014

CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal

03/19/2014

FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected