CAMAC Energy Signs PSCs for Four Exploration Blocks in Kenya
CAMAC Energy Inc. (NYSE: CAK) today announced that it has signed Production Sharing Contracts with the government of The Republic of Kenya for previously awarded exploration Blocks L1B, located onshore in the Lamu Basin, and L16, located in the Lamu Basin transition zone. Block L16 is bordered on the east by Block L8, operated by Apache Corporation (NYSE: APA), and is located just northwest of Block L9, operated by Ophir Energy plc.
In addition, the Company has signed PSCs for Block L27 and Block L28, two recently created deep water blocks. The two offshore blocks, which are contiguous, cover a combined area of approximately 21,170 square kilometers. Blocks L27 and L28 are immediately east of deep water blocks L11A and L11B, respectively, both operated by Anadarko Petroleum Corporation (NYSE: APC).
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.