Rift Energy Corp., private Toronto operator, has signed a production sharing contract for Block L19 in the Lamu basin onshore Kenya.
Block L19 covers 2.9 million acres in southern Kenya along the Tanzania border 160 km north and flanked by the Indian Ocean to the east. Rift Energy reviewed gravity maps and other data and identified multiple structures. An exploration program is being planned to begin soon.
The block’s only well, Ria Kaluli-1, was drilled off-structure to a depth of 1,538 m in 1962 and was plugged after encountering oil shows in the Karoo formation. More seismic surveys and technical studies will be conducted in order to build a prospect inventory and high-grade potential drilling locations.