Dominion Petroleum has finalized the Production Sharing Contract (PSC) for Block L9 in the Lamu Basin, offshore Kenya, allocating the company a 60% operating interest.
Dominion will now begin the initial exploration period of the PSC by reprocessing 617,763 acres (2,500 square kilometers) of 2D seismic data, carrying out studies and acquiring 123,553 acres (500 square kilometers) of 3D seismic data.
Following this initial two-year period, Dominion can enter the second two-year period by committing to drill a single exploration well.
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