The Kyela PSA, which has an area of 1,934 sq km, covers the northern onshore area of the Lake Nyasa basin.
The block will be operated by Heritage Oil with 100% interest, and gravity data and seismic data from the adjacent Lake Nyasa indicate the presence of a thick sedimentary section with the potential to generate oil.
The company said it will begin the work program shortly with the acquisition of about 1,500 sq km high resolution gravity survey followed by the acquisition of 2D seismic.
