(Xinhua) -- Canadian
oil and gas company Vanoil has confirmed ongoing discussions
with the Kenyan government on its license renewals in the East
said in a statement that it is negotiating to renew its interest
in onshore Blocks 3A and 3B, originally acquired in October 2007
through the signing of a Production Sharing Contract (PSC) with
talks are now at a key stage and the company expects them to
conclude imminently. At such time, Vanoil will provide an
immediate information update to the market,” it said in the
blocks cover 24,912 km2 in Kenya’s Anza Basin and are
geologically analogous to the prolific Muglad and Melmut Basins
of South Sudan and geographically in close proximity to the
recent PaiPai discovery in Kenya, it said.
company anticipates the receipt of its 10 percent working
interest in the highly prospective 5,110 km2 Block L9 alongside
Dominion Petroleum Kenya Limited (a wholly owned subsidiary of
Ophir Energy plc) and FAR Limited.
block lies directly south of Block L8 which hosts the Mbawa
gas discovery made in 2012,” it said. Vanoil is an oil and
gas company with a portfolio of assets in East Africa and in
Seychelles, in the western Indian Ocean.
has a huge mineral potential but its exploration efforts have
only picked up in the last 5 years with the awarding of
commercial licences in prospecting for oil, gold, coal,
geothermal and rare earths.
East African nation has drilled over 30 dry wells in Isiolo,
(northeastern Kenya) and Lamu (Southeast) and has lost a lot of
decades of oil exploration failed to yield results, in most
cases, ending with nothing less than a bottle of crude oil,
Kenyan officials say there were high hopes of Kenya striking
commercial oil with the advent of new oil exploration