Oil drilling equipment. Anadarko Kenya and its partners plan to explore various areas in Lamu. Photo/FILE
What you need to know:
Anadarko is one of the foreign companies that are prospecting for oil, natural gas and other minerals in Kenya.
It operates five deep-water blocks L-5, L-7, L-11A, L-11B and L-12A off the shore of Kenya —which also go by the name Kifaru and Tembo prospects—through its subsidiary Anadarko Kenya Company.
The money will be used for the mobilisation of the drillship, drilling of wells, testing, plugging and abandoning of wells that are not viable and transfer of personnel using helicopters, among other activities.
Anadarko Petroleum Corporation plans to spend Sh10.2 billion ($120 million) prospecting for oil in the Lamu basin where it operates offshore deep-water blocks.
Regulatory filings seen by the Business Daily indicate that the New York Stock Exchange (NYSE)- listed firm plans to spend the money on oil and natural gas drilling in the Kifaru and Tembo areas.
Work begins later this year or within the first three months of next year.
Anadarko is one of the foreign companies that are prospecting for oil, natural gas and other minerals in Kenya.
It operates five deep-water blocks L-5, L-7, L-11A, L-11B and L-12A off the shore of Kenya —which also go by the name Kifaru and Tembo prospects—through its subsidiary Anadarko Kenya Company.
“Anadarko Kenya Company (AKC) and its partners Total and Cove Energy intend to explore various prospects which are within the target areas. AKC plans to drill two wells in its initial drilling campaign and additional wells may be drilled at a later date,” notes the documents filed with the National Environmental Management Agency.
The money will be used for the mobilisation of the drillship, drilling of wells, testing, plugging and abandoning of wells that are not viable and transfer of personnel using helicopters, among other activities.
Total, which is a global gas and petrochemical company based in Paris has a 40 per cent interest in the five oil blocks which it got through a 20 per cent direct buyout from Anadarko Kenya, a five per cent stake bought from Cove Energy and a 15 per cent stake acquired from Dynamic Global Advisors in September 2011.
Cove Energy, which is a London based oil and natural gas exploration firm has a 10 per cent stake, leaving Anadarko with a 50 per cent stake.
“Operations concerned with the initial exploratory wells are expected to begin in the fourth quarter of 2012 or the first quarter of 2013,” notes the documents which also show that other companies plan to drill other wells in the blocks later on.
At the beginning of this week, Africa Oil Corp announced that it had started drilling at Paipai-1 exploration well located in onshore block 10-A to a total depth of 4,112 metres.
