Malawi: Surestream awarded two lake licenses
Surestream Petroleum Ltd., London, said it was awarded exploration licenses on the northern half of Lake Malawi in southern East Africa.
Surestream Petroleum Ltd., London, said it was awarded exploration licenses on the northern half of Lake Malawi in southern East Africa.
The company secured blocks 2 and 3 covering a combined 20,000 sq km and bordering Tanzania and Mozambique, making it the third largest net acreage holder in the East Africa rift system.
Surestream conducted a regional study of the rift and highgraded those basins most similar to the productive Albertine basin in Uganda. Lake Malawi, together with Surestream’s Burundi acreage, lies along the trend of the western branch of the rift system, the only part of the rift system to be proven productive to date (OGJ Online, Feb. 3, 2011).
