Vanoil Posts Kenya Work Programs for 2012

Vanoil announced that the Ministry of Energy of Kenya has accepted Vanoil's revised work programs for 2011 and 2012 on Vanoil's 100 percent-owned Blocks 3A and 3B, which are comprised of 24,912 square kilometers of oil and gas concessions in the Republic of Kenya's Central African Rift Basin System.

The new approvals granted by the Ministry of Energy of Kenya for Vanoil's 2011 and 2012 work programs included the following objectives:

  • Calender Year 2011
    • Commence 2D mobilization to acquire additional 75km seismic.
    • Sign a memorandum of understanding with BGP for 50 square kilometers of 3D seismic on Blocks 3A and 3B.
  • Calender Year 2012
    • First Quarter
      • Process, interpret and integrate all vintage and seismic data.
      • Determine the optimum target.
      • Mobilization of crew for 3D seismic program.
    • Second Quarter
      • Acquire 50 square kilometers of 3D seismic data.
    • Third Quarter
      • Process, interpret and integrate all 2D and 3D seismic data.
    • Fourth Quarter
      • Plan and design to drill a well at a minimum depth of 3,000 meters in first quarter 2013.
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