Lundin Petroleum awarded onshore block in Kenya

Lundin Petroleum AB has acquired Block 10A in the Anza basin of northwest Kenya.

Oct 8th, 2007

Uchenna Izundu
International Editor

LONDON, Oct. 8 -- Lundin Petroleum AB has acquired Block 10A in the Anza basin of northwest Kenya. It describes the block as having "excellent quality, oil-prone source rocks, oil-saturated sandstone reservoirs, and a multitude of structural traps, which remain undrilled."

Under a production-sharing contract, Lundin will become the sole operator, and the Kenyan government will have an option to participate with an interest as high as 13% if there is a commercial discovery.

Block 10A covers 14,748 sq km in the onshore Anza basin, an extension of Sudan's prolific Muglad basin.

Contact Uchenna Izundu at uchennai@pennwell.com.

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