Project Profile
Value: US$150 million
Location: Lamu Basin, offshore Kenya
Start-up Year: 2015
The Mbawa-1 well hit 52 net metres of gas pay in the primary Cretaceous sandstone target. Block L9 is a large permit in the heart of the Lamu basin. A series of 2D and 3D seismic surveys have identified numerous oil and gas prospects and leads. FAR has assessed several leads each with the potential to contain prospective resource volumes in excess of 300 million barrels of oil.
Operators:
Apache Corporation: Operator with 50% interest (relinquished in October 2013)
Origin Energy: 20% interest
Tullow Oil: 15% interest
Pancontinental Oil & Gas: 15% interest
FAR Limited
Contractor:
Odfjell Drilling: Drilling contractor