Swala energy

Swala Energy Set To Acquire First Producing Asset in Tanzania

Swala Oil and Gas entered into an agreement with Orca Exploration to acquire up to 40%  interest in the Songo Songo producing assets currently held by the international finance corporation (IFC) for $130 million based on an agreed value of US$325 million as earlier announced in August. According to Orca Swala has agreed, subject to …

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Update: Swala Energy Exits Kenya’s Block 12B

Oilnews Kenya can confirm that joint venture partner in Kenya’s block 12B Australia’s Swala Energy has exited from the license as earlier reported. According to communication from Tullow Oil the JV partner exited in October 2016 leaving the operator with 100 percent equity. “In line with the Joint Operating Agreement (JOA), Tullow Oil has 100% …

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Swala Energy Exits Kenya’s Block 12B

There is uncertainty on whether Australian firm Swala Energy which held 50 percent equity in Kenya’s block 12B has relinquished its share with the Tullow Oil website indicating that the operator now holds 100 percent equity. Swala’s Tanzania subsidiary that remains the only functioning website by the Australian explorer shows no Kenyan acreage in its assets category …

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Kenya’s Onshore Upstream Sector Set to Pick Up in 2017

Upstream activity in Kenya is expected to re-surge after hitting a low in 2016 in the backdrop of low oil prices that shut down offshore activity and left the onshore well drilling to the lowest since 2012. According to analysis carried out by OilNews Kenya activity is expected to pick up in Blocks in the …

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East African Oil & Gas Market 2015-2025 – Report

Report focuses on Upstream Exploration & Development and Midstream Infrastructure Capex in Tanzania, Mozambique, Kenya, Uganda, with Special Focus on Rapidly Emerging Countries Ethiopia, South Sudan & Somalia Visiongain’s comprehensive new 262 page report reveals that the East African oil & gas market will see capex of $4.19bn in 2015, including spending on both upstream exploration & …

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Swala Energy JV Partners Risk Losing Kilosa-Kilombero in Tanzania

Kilosa-Kilombero block operator Swala and joint venture partners Otto Energy, Tata Petrodyne and MV Upstream are in the risk of losing their license with every indication they are likely to meet their commitment obligations following their ongoing dispute and court case in the Australian high court. The partners had earlier received a one year extension …

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Tata Petrodyne Farm-in behind Swala, Otto Energy dispute in Tanzania

A simmering dispute between two Australian companies Swala and Otto Energy in Tanzania could have emanated from a failed joint farm-down by Tata Petrodyne Limited. According to Swala Energy in it latest presentation to shareholders the two joint venture partners had earlier agreed on a joint farm-down by Tata Petrodyne Limited where it would get …

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Swala Energy Pushes Tanzania’s Kito 1 Drilling Pushed to 2017

Swala Oil & Gas (Tanzania) plc has announced that it will not be drilling the Kito-1 exploration well in the Kilosa-Kilombero licence during 2016 as originally envisaged in part because of the delays imposed by the timing of the necessary permits. Despite planning for the well proceeded within time and within budget through to the …

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Tanzania’s Kito Prospect Drilling in Doubt as JV dispute rages

The drilling of the Kito prospect in the Kilosa-Kilombero license in Tanzania earlier set for Q3 2016 is in doubt going by the latest corporate presentation by JV partner Otto Energy. In March Block operator Swala Energy had said that all is set to drill at the Kilosa Kilombero license in Q3 2016 with the …

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Otto Energy pushes to Remove Swala Energy as Operator in Tanzania’s Kilosa-Kilombero License

Otto Energy Ltd through its wholly-owned subsidiary, Otto Energy (Tanzania) Pty Ltd, has said  it wants current operator Pangani and Kilosa-Kilombero licenses relieved off its role after defaulting in various cash calls. According to Otto Energy its subsidiary has issued various notices to Swala Oil and Gas (Tanzania) plc (SOGTP), pursuant to the Pangani and …

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