{"id":1854,"date":"2014-10-01T10:01:08","date_gmt":"2014-10-01T09:01:08","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=1854"},"modified":"2015-09-07T13:40:20","modified_gmt":"2015-09-07T13:40:20","slug":"far-ltd-to-drill-2-wells-in-kenyas-block-l6-in-2015","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/far-ltd-to-drill-2-wells-in-kenyas-block-l6-in-2015\/","title":{"rendered":"Far Ltd to drill 2 wells in Kenya’s block L6 in 2015"},"content":{"rendered":"

Australian explorer Far Ltd intends to drill one onshore and one offshore well in the last quarter of 2015 according to the latest presentation by the company at the Resources Rising Star Conference.<\/p>\n

Offshore the company is currently progressing a farm out initiative for drilling an offshore well with the process expected to be complete by the end of October with drilling set to start in December 2015.<\/p>\n

Onshore Far is currently planning the acquisition of 2D seismic with acquisition and processing expected to be complete by July 2015 with drilling set to commence in October.<\/p>\n

Offshore the company has drill ready prospects in Kifaru and Tembo with a projected estimate potential of 170mbo and 327MBO of oil respectively out of the 3.7BB0 prospectivity respectively.<\/p>\n

Far Ltd says it is motivated by the results of the Maridadi 1 well which encountered\u00a0gas shows at the depth of 3320m-3600m, and oil shows at the depth of 3660m and which lies at the edge of the block.<\/p>\n

Last month \u00a0Far Ltd announced that it had received a 1 year extension<\/a> in the PSC term of Block L6 after the company delayed planned activities Government of Kenya due to the\u00a0inability<\/a>\u00a0to access the ground to complete planned seismic operations because of security incidents in the country<\/p>\n

FAR has a net interest of 60% offshore, 24% onshore and is the Operator of the block.<\/p>\n","protected":false},"excerpt":{"rendered":"

Australian explorer Far Ltd intends to drill one onshore and one offshore well in the last quarter of 2015 according to the latest presentation by the company at the Resources … 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":[313,869,1311,1377,1503,1570,2145,2502],"class_list":["post-1854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-block-l6","tag-far-ltd","tag-kifaru","tag-lamu-basin","tag-maridadi-1","tag-milio-international","tag-resources-rising-star-conference","tag-tembo","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-tU","jetpack-related-posts":[{"id":482,"url":"https:\/\/www.oilnewskenya.com\/index.php\/pancontinental-onshore-kenya-l6-farmed-out-for-seismic-and-drilling\/","url_meta":{"origin":1854,"position":0},"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":2380,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenyas-block-l6-farmout-pushed-further-to-late-2015\/","url_meta":{"origin":1854,"position":1},"title":"Kenya\u2019s Block L6 farmout pushed further to late 2015","author":"Samuel Kamau Mbote","date":"January 30, 2015","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Block L6 operator Australian explorer Far Ltd has said it does not expect a farmout deal on the northern extent of the block until late in 2015. In the offshore portion where the company holds 60 percent paying interest Far says it continues to progress with a farmout\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":4054,"url":"https:\/\/www.oilnewskenya.com\/index.php\/milio-international-pancontinental-oil-and-gas-planning-2d-seismic-kenyas-onshore-block-l6\/","url_meta":{"origin":1854,"position":2},"title":"Milio International, Pancontinental Oil and Gas planning 2D seismic Kenya\u2019s onshore Block L6","author":"","date":"November 5, 2015","format":false,"excerpt":"Block L6 operator Dubai based Milio International is in the process of planning for the seismic acquisition \u00a0and is currently coordinating with local authorities according to JV partner Pancontinental Oil and Gas. This is part of a farm-out agreement where Milio negotiated entry into the onshore area of block L6\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 map","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/11\/Block-L6-map.png?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":1854,"position":3},"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":1989,"url":"https:\/\/www.oilnewskenya.com\/index.php\/pancontinental-oil-and-gas-seeks-farminee-in-kenyan-blocks\/","url_meta":{"origin":1854,"position":4},"title":"Pancontinental Oil and Gas seeks farminee in Kenyan blocks","author":"Samuel Kamau Mbote","date":"November 3, 2014","format":false,"excerpt":"Australian explorer Pancontinental Oil and Gas has said it is seeking farminee for additional drilling post-Sunbird discovery in blocks L10A & L010B. The company that owns 18.75 percent interest in block L10A and 25% interest in L10B in its latest report says that it plans to conduct follow-up 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":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/kenya-offshore-blocks.png?fit=607%2C618&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/kenya-offshore-blocks.png?fit=607%2C618&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/kenya-offshore-blocks.png?fit=607%2C618&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1155,"url":"https:\/\/www.oilnewskenya.com\/index.php\/far-to-raise-kes-700-million-for-offshore-kenya-exploration\/","url_meta":{"origin":1854,"position":5},"title":"Far to raise KES 700 million for offshore Kenya exploration","author":"Samuel Kamau Mbote","date":"June 5, 2014","format":false,"excerpt":"Australian explorer FAR Ltd has announced an equity raising placement which is expected to raise $8 million before expenses. 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