Van.V (VanGold) Vangold Resources Ltd will spend $4.6 million on a seismic survey to map out potential oil and gas deposits in block 3A in northern Kenya.
The company's chief executive Dal Brynelsen said the study,planned during the first quarter of 2010, will be preceded by anenvironmental impact assessment.
Hesaid in a press statement that his firm had awarded Nairobi-basedEarthView Geoconsultants Ltd the contract to undertake assessment.
EarthView as a consultant in natural and earth resourcesmanagement, has done EAIs in the region for Lundin, Chinese NationalOffshore Oil Company and Swiss Oil among other companies.
Pave way
Vangold said the consultant is expected to complete the study inthree months to pave way for the seismic survey covering 321 kilometresto commence.
Mr Brynelsen said his firm has delineated 11 structural leadsof oil and gas in blocks 3A and 3B after interpreting in the firstquarter of 2009 the seismic data acquired by Chevron in the locality.
"This data was interpreted in the first quarter of 2009. Itsquality is good and with interpretation and integration it hasculminated in the delineation of 11 structural leads in blocks 3A &3B," he said.
Mr Brynelsen said CNOOCand Africa Oil of Canada are drilling an oil well in block 9 based onChevron seismic data, which delineated massive targets, similar tothose identified by Vangold on block 3A and 3B.
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