{"id":1760,"date":"2014-09-12T09:52:47","date_gmt":"2014-09-12T08:52:47","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=1760"},"modified":"2015-09-07T13:46:11","modified_gmt":"2015-09-07T13:46:11","slug":"far-ltd-receives-term-extension-in-kenyas-block-l6","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/far-ltd-receives-term-extension-in-kenyas-block-l6\/","title":{"rendered":"Far Ltd receives term extension in Kenya\u2019s Block L6"},"content":{"rendered":"

Australian explorer Far Ltd has announced that it has received a 1 year extension in the PSC term of Block L6 after the company delayed planned activities Government of Kenya due to the inability<\/a> to access the ground to complete planned seismic operations because of security incidents in the country.<\/p>\n

In February 2014, the Group signed a farm-out<\/a> to Milio E&P Limited and Milio International Limited of Dubai in relation to the onshore part of Block L6, Kenya. Under the terms of the farm-out deal, the Group will be fully carried through the drilling of an onshore exploration well in 2015 and the acquisition, processing and interpretation of a regional 1,000 line kilometre 2D seismic survey.<\/p>\n

At the reporting date the conditions precedent of the farm out agreement had not been completed and the parties were negotiating an amendment to the farm-out agreement in light of the implications of the security incidents.<\/p>\n

The Group will hold 24% in the onshore area, retains its full 60% interest in the offshore part of Block L6 and remains the operator in the block.<\/p>\n

Meanwhile the company says it continues to pursue entry into Block 9 and the plans for future work program and has been in discussions with Dominion Petroleum Kenya Limited.<\/p>\n

FAR\u2019s subsidiary, Flow Energy Ltd, was a member of the bidding consortium that made an application bid for Block L9 in 2010.<\/p>\n

Following negotiations with the Ministry of Energy and Petroleum, a heads of agreement was signed and Block L9 was subsequently awarded in May 2011.<\/p>\n

Far says it is of the view that that the Miocene carbonate reef play, identified in Block L6 extends along the Kenyan coast and into Block L9 and that a future 3D seismic survey over the inboard part of Block L9 would evaluate this potential.<\/p>\n","protected":false},"excerpt":{"rendered":"

Australian explorer Far Ltd has announced that it has received a 1 year extension in the PSC term of Block L6 after the company delayed planned activities Government of Kenya … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":1761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[313,316,620,869,905,1377,1569,1571,1589],"class_list":["post-1760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-block-l6","tag-block-l9","tag-dominion-petroleum-kenya-limited","tag-far-ltd","tag-flow-energy-ltd","tag-lamu-basin","tag-milio-ep-limited","tag-milio-international-limited","tag-ministry-of-energy-and-petroleum","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/block-l6-new.jpg?fit=900%2C720&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-so","jetpack-related-posts":[{"id":1956,"url":"https:\/\/www.oilnewskenya.com\/index.php\/far-farmout-deal-in-kenyas-block-l6-unlikely-in-2014\/","url_meta":{"origin":1760,"position":0},"title":"FAR farmout deal in Kenya’s Block L6 unlikely in 2014","author":"Samuel Kamau Mbote","date":"October 27, 2014","format":false,"excerpt":"Australian explorer FAR Ltd has said that its expected farmout in Block L6 where the company has a 60% interest is unlikely to happen in 2014. In the latest report FAR says the L6 farmout is likely to happen in early 2015 an extension from the earlier expected October date.\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/far-blocks.png?fit=301%2C273&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2757,"url":"https:\/\/www.oilnewskenya.com\/index.php\/2d-seismic-survey-kenyas-onshore-block-l6-expected-q2-2015\/","url_meta":{"origin":1760,"position":1},"title":"2D seismic survey in Kenya\u2019s Onshore Block L6 expected in Q2 2015","author":"","date":"March 30, 2015","format":false,"excerpt":"Milio International is expected to acquire 2D seismic onshore Block L6 after a defferement due to security concerns the Block Operator FAR Ltd has said. The announcement made on the company\u2019s annual report also estimates that following the interpretation of the data acquired the partners should proceed with drilling in\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"Block l6 2","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Block-l6-2-259x300.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":482,"url":"https:\/\/www.oilnewskenya.com\/index.php\/pancontinental-onshore-kenya-l6-farmed-out-for-seismic-and-drilling\/","url_meta":{"origin":1760,"position":2},"title":"PanContinental: Onshore Kenya L6 Farmed-Out For Seismic and Drilling","author":"Samuel Kamau Mbote","date":"February 10, 2014","format":false,"excerpt":"Pancontinental Oil & Gas and its wholly owned subsidiary Afrex Limited (together\u00a0\u201cPancontinental\u201d) has entered a farm-in\u00a0agreement for the onshore portion of Kenyan exploration area Block L6 in the Lamu Basin. Block L6 is partly onshore and partly offshore. Under the terms agreed with farminee Milio E&P Limited (\u201cMilio\u201d) and Milio\u00a0International\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/pancontinental.png?fit=505%2C508&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6912,"url":"https:\/\/www.oilnewskenya.com\/index.php\/far-dialogue-kenya-2d-seismic-acquisition-block-l6\/","url_meta":{"origin":1760,"position":3},"title":"FAR in Dialogue with Kenya over 2D seismic acquisition on Block L6","author":"","date":"March 20, 2018","format":false,"excerpt":"Onshore Block L6 operator Australian explorer FAR says the company is in dialogue with the ministry as a result of the challenges the company faced in accessing land due to the ongoing security issues in Lamu County last year that hindered it to go ahead with a planned\u00a02D seismic acquisition.\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/block-l6-new.jpg?fit=900%2C720&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/block-l6-new.jpg?fit=900%2C720&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/block-l6-new.jpg?fit=900%2C720&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/block-l6-new.jpg?fit=900%2C720&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":593,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cepsa-and-milio-international-receive-exploration-licenses-in-kenya\/","url_meta":{"origin":1760,"position":4},"title":"CEPSA and Milio international receive exploration licenses in Kenya","author":"Samuel Kamau Mbote","date":"February 26, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] The ministry of energy and petroleum has licensed Compania Espanola de Petroleos (CEPSA) and Milio international of Dubai to explore for crude oil and gas in north western Kenya and at the coast. CEPSA will acquire 55 percent from EHRC in block 11A a block situated at the\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/blocks.jpg?fit=468%2C628&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1529,"url":"https:\/\/www.oilnewskenya.com\/index.php\/far-ltd-delays-2d-seismic-acquisition-in-kenyas-block-l6-over-security-concerns\/","url_meta":{"origin":1760,"position":5},"title":"FAR Ltd delays 2D seismic acquisition in Kenya\u2019s Block L6 over security concerns","author":"Samuel Kamau Mbote","date":"July 31, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] FAR has said it has delayed a planned onshore well and an onshore 2D seismic survey and associated processing and interpretation in Northern part of coast Kenya due to insecurity in the area. 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