Brisbane-based partner Global Petroleum today said Pomboo-1 in Block L5 JV spudded on Saturday and is being drilled in 2200m of water to a depth of about 5000m below sea level.
Holdings in the L5 and L7 JV are Woodside (operator with a 30% stake), Dana Petroleum (30%), Global Petroleum (20%) and Spanish oil and gas major Repsol (20%), which joined the project in August.
Global will be carried for all activities through the drilling of the first well in each of these areas. Woodside and Repsol earn their farm-in equity once these two wells are drilled.
On its website, Woodside says it regards Kenya as an under-explored frontier area with significant potential. It describes it as “the most prospective part of East Africa, with several large geological structures hosting multiple targets similar to those found on Australia’s North-West Shelf”.
Woodside has identified some 50 prospects and leads, some of which have the potential to contain between several hundred million and 1 billion barrels of recoverable oil.
