According to Global, work by the companies on Licences L5, L7, L10 and L11 is progressing well with results to date on Blocks L5 and L7 said to be encouraging although further investment decisions will be made after a meeting in July.
Global has a 20% equity in four of the offshore Kenyan blocks (L5, L7, L10 and L11), with 40% being held by operator Woodside Energy and the balance being held by UK based Dana Petroleum (E&P) Limited.
The costs associated with Global’s 20% holding are covered for all activities through two wells by Woodside. Woodside initially held an interest in all seven of Kenya's offshore exploration blocks, covering nearly 70,000sqkm.
