Block L8

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Block L8 is located in the offshore Lamu Basin, a maximum of 100 kilometers from the Kenyan coast,[1] and is operated by Apache.[2] Other companies with a share in Block L8 are Origin Energy (20 percent), Pancontinental (15 percent) and Tullow Oil (15 percent).[3] In October 2013 Apache announced it would give up its share in Block L8.[4] Pancontinental has voiced an interest in increasing its stake in Block L8 if Apache pulls out.[5] Block L8 made international headlines when natural gas was discovered in 2012.[6] The discovery of natural gas could have major implications for Kenya and East Africa's future role as an energy producer.[7] However, the quantity was found to be not commercially viable, and the well has since been plugged.[8]

References

  1. "Kenya - Lamu Basin", Pancontinental, retrieved 29 November 2013.
  2. "The Deloitte Guide to Oil and Gas in East Africa", Deloitte, retrieved 25 October 2013.
  3. "Apache abandons L8 Block offshore Kenya", Offshore Energy Today, 9 October 2013.
  4. "Apache abandons L8 Block offshore Kenya", Offshore Energy Today, 9 October 2013.
  5. "Pancontinental may increase stake in Kenya's offshore L8 Block", Business Daily, 10 October 2013.
  6. "2012 Annual Report", Apache, retrieved 23 October 2013.
  7. "Kenya's gas discovery to boost East Africa's reserves", Ventures, 10 September 2012.
  8. "Emerging East Africa Energy", U.S. Energy Information Administration, 23 May 2013.