Swala Energy has announced the completion and preliminary interpretation of its 2D seismic programme in Block 12B in Kenya and says the results were positive.
Data from the seismic acquisition that covered a total of 350km according to Swala indicates the presence of large-scale faulted structures across the entire basin, together with the presence of shallow volcanics, a feature of the East African Rift System.
Swala adds that initial results from the 2D seismic that started in April supported by the company’s earlier reinterpretion of available legacy data, suggest a Neogene basin with possible 3,000 metres of sedimentary fill.
According to Swala Energy CEO David Mestres Ridge the Joint Venture participants shall now complete the reprocessing and interpretation of the data before deciding whether to proceed into the third year of operations.
“These initial results from the seismic programme are very encouraging in that the extent of faulting in the basin suggests the possibility of structural traps both within and at the edges of the basin. We look forward to updating the market once the reprocessing and interpretation of the data has been completed which should give a robust understanding of the trapping potential.” He said.
Swala has a 25% equity interest in the block alongside CEPSA which recently acquired a 25% interest and Tullow Oil plc the Operator, with a 50% equity interest.