Kenya

Cove Energy PLC has concluded a conditional agreement to farm into a 15% interest in five contiguous deepwater blocks off Kenya.

Sept. 29, 2010

By OGJ editors
HOUSTON, Sept. 29 – Cove Energy PLC has concluded a conditional agreement to farm into a 15% interest in five contiguous deepwater blocks off Kenya.

The transaction awaits ratification by the Kenyan government. Anadarko Petroleum Corp. is operator with 70% interest in the blocks, which total more than 30,000 sq km.

Anadarko has shot 5,000 line-km of 2D seismic and is interpreting the data. This is expected to lead to 3D seismic and drilling in 2012-2013.