E&P
In May 2011, BG Group signed Production Sharing Contracts with the government of Kenya for two offshore exploration blocks – L10A and L10B. BG Group will be operator on both blocks and holds a 40% equity interest in Block L10A (Cove Energy 25%, Premier Oil 20%, Pancontinental 15%) and a 45% interest in Block L10B (Premier Oil 25%, Cove Energy 15%, Pancontinental 15%). The initial work programme consists of a commitment to acquire seismic data during an initial exploration period of two years.
Blocks L10A and L10B together cover an area of more than 10 400 square kilometres in the southern portion of the Lamu Basin, located in water depths ranging from around 200 metres to in excess of 1 900 metres.