Vanoil Energy Ltd. Completes 100Km2 3D Seismic and Gravity Survey; Signs Contract with Sinopec to Secure the Last Available Onshore Drilling Rig
The company has signed a contract with Sinopec to secure the last available onshore drilling rig in Kenya. The rig is stacked in Nairobi and ready for mobilisation. The company's contract includes two firm wells and an option for two more. With its seismic surveys completed and a drilling rig in place, the company is on track to spud its first well in first quarter of 2013.