CAMAC Energy has announced that it will start its exploration onshore on block L1B or L16 in 2015 even as exploration continues in Blocks L27/ L28 in the Lamu Basin an area estimated to contain up to 3.7 billion barrels of oil.
Already an Environmental and Social Impact Assessment Study has been completed in February this year in blocks L1B/L16 with 2D seismic expected to start later in the year.
“For offshore Blocks L27/L28, CAMAC Energy is currently participating in a multi-client 2D seismic data acquisition that will conclude this month, with final data delivery expected in June 2014. CAMAC Energy will then conduct a geological and geophysical study incorporating the newly acquired data,” read a statement from the company.
CAMAC Energy was awarded Blocks L1B and L16 onshore and Blocks L27 and L28 offshore in May 2012 and the company has 100% net interest with the Kenyan government having the option to participate up to 20% upon development.