Marathon Oil

Africa Oil Relinquishes Kenya’s Block 9

Block 9 operator Africa Oil has submitted a notice to the Government of Kenya relinquishing its interest in the block leaving Delonex as the only partner after acquiring Marathon Oil’s equity. The two JV partners had until June 2018 to reevaluate and reprocess seismic and other data the Bogal-1 well which was plugged and abandoned with then operator CNOOC citing …

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Africa Oil To Acquire 3D Seismic in Kenya’s Block 9 Ahead of Any Additional Drilling

Block 9 operator Canadian explorer Africa Oil is unlikely to carry out any further drilling in the license until there is better understanding of the block according to a source who spoke to OilNews Kenya. According to the source the block despite having recorded two gas discoveries at the Sala-1 well and Bogal-1 well has …

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Africa Oil To Reevaluate Bogal-1 Discovery, Reprocess 2D Seismic In Block 9

Kenya’s Block 9 operator Africa Oil has until June 2018 to undertake engineering and well design for reevaluation and testing of Bogal-1 well over eight years after the well was plugged and abandoned by then operator CNOOC citing extensive fracture network proven by the abundant fluid losses during drilling and the Formation Micro Imaging (FMI) …

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Africa Oil Receives One Year License Extension in Ethiopia’s Rift Basin Block

Rift Basin Block operator Africa Oil has announced that the Ethiopian Ministry of Mines, Petroleum and Natural Gas has awarded the Canadian company a one year extension to the block license which will now expire in February 2018. The extension is intended to allow the operator time to pursue its drilling options after completing 2D seismic acquisition of …

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Delonex Energy Is Slowly Becoming A Major Player in East Africa

Delonex Energy has since its entry in East Africa through the Ethiopian acreage in September 2014 increased its presence in the region just recently having acquired equity in Kenya’s Block 12A and Block 9 and could be said to be among explorers that have gained the largest acreage in the last three years . Most significant is …

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Majority of Petroleum Rights Holding Companies in Kenya Incorporated in Tax Havens

A report by Oxfam dubbed The Use of Tax Havens in the Ownership of Kenyan Petroleum Rights shows that all but five companies that hold petroleum exploration rights have at least one subsidiary listed in a tax haven or low tax jurisdiction as part of their corporate structures that could lead to minimized tax returns. …

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Africa Oil Receives 12 month extension in Rift Basin Area Ethiopia

Africa Oil has received a twelve month extension to the initial exploration period in the Rift Basin Area and will now expire in February 2017. A 2D seismic crew program was completed of approximately 600 kilometers of land and lake seismic during 2015 with source rock outcrops and oil slicks on the lakes having been …

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Africa Oil Completes Kenyan Farm-out Deal With Maersk Oil

Africa Oil reports that it has completed the previously announced (November 9, 2015) farmout with Maersk oil and gas related to Kenyan Blocks 10BB, 13T and 10BA having received $427 million. Africa Oil Corp. farm-out with Maersk Oli and Gas received approval from the Government of Kenya This amount represents US$344 million of reimbursed past costs incurred by …

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Cheptuket-1 Well in Kenya’s Block 12A on course to complete in February

Block 12A basin opener Cheptuket well is still on its drilling schedule and is set to complete in February according to block operator Tullow Oil in its last update. The well that commenced drilling on 28th December 2014 by the PR Marriott Rig-46 is expected to test a basin bounding structural closure in the undrilled …

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United States Eyes Kenya’s Energy Deals Worth $14 – $18 Billion

The United States is hoping to invest in the nascent oil and gas sector in Kenya including an export pipeline expected to transport crude oil from the Lokichar basin to the Lamu port. The United States through its ambassador Bob Godec yesterday met newly appointed energy and petroleum cabinet secretary Charles Keter with the pipeline …

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