Workers at the Base Resources titanium mining site in Kwale County. The Australian miner expects to start exporting titanium from Kenya's biggest mine in February. Photo/FILE
By John Gachiri
Camac Energy, a Texas-based oil and gas company, has stepped up exploration plans in northern Kenya and at the coast following additional discoveries by British explorer Tullow Oil.
Camac said in a statement on Thursday that Tullow Oil’s recent find of a potential 600 million barrels of oil in the Lokichar basin of Turkana has given it confidence to accelerate surveys on its blocks.
“Camac intends to quicken the initial tests in an effort to start test exploration following successful discovery of commercial oil deposits by UK-based Tullow Oil,” said the firm in a statement.
The firm has four blocks. Blocks L1B and L16 are onshore while L27 and L28 are offshore in the Lamu Basin.
A seismic survey, whose results will be used to identify the best drilling spots, is to be done on the offshore blocks while other surveys are to be done on the onshore basin blocks.
“Camac successfully carried out aero-magnetic and gravity survey of our onshore blocks L1B and L16 in Kenya last year and we plan to carry out 3D seismic surveys on our two offshore deep water L27 and L28 blocks in 2014,” said chief executive Kase Lawal said.
Exploration is expected to result in more lucrative contracts for firms in the sector as Camac has set aside Sh3 billion for the task.
Drilling should follow after, and results from this will give an indication on the basin’s potential.
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