{"id":2380,"date":"2015-01-30T10:21:07","date_gmt":"2015-01-30T09:21:07","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=2380"},"modified":"2015-05-20T13:14:09","modified_gmt":"2015-05-20T13:14:09","slug":"kenyas-block-l6-farmout-pushed-further-to-late-2015","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/kenyas-block-l6-farmout-pushed-further-to-late-2015\/","title":{"rendered":"Kenya\u2019s Block L6 farmout pushed further to late 2015"},"content":{"rendered":"

[twitter-follow screen_name=’oilnewskenya’]<\/p>\n

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.<\/p>\n

In the offshore portion where the company holds 60 percent paying interest Far says it continues to progress with a farmout initiative.<\/p>\n

The deal was initially expected to occur in the third quarter of 2014 before it was later pushed to the first quarter of 2015 and is intended to fund the drilling of an offshore well that is set for 2015.<\/p>\n

\u201cIn relation to the offshore portion of Block L6 where FAR has a 60% interest, FAR is currently progressing a farm out initiative for drilling an offshore well,\u201d the company says in its latest report.<\/p>\n

The farm out is progressing to secure funding for the drilling of an offshore well on Block L6. The well follows the recent Sunbird-1 discovery well drilled by the BG Group with the Miocene reef play extending along the Kenyan coast and through both of FAR\u2019s offshore blocks, L6 and L9.<\/p>\n

With the discovery of oil in the Sunbird-1 well at the southern extent of the Miocene reef play and evidence for oil in the Maridadi well drilled at the northern extent in L6, FAR says it has continued to witness strong industry interest in its L6 farm out opportunity.<\/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 is working in the block under an extension after it received a 1 year extension 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 acreage in mid 2014.<\/p>\n

Meanwhile the company reiterates it continues to pursue entry into Block 9 after the agreement between FAR and Ophir Energy (the Operator of Block L9) expired on 23 July 2014. The ongoing discussions are regarding FAR\u2019s entry into the block and the plans for a future work program in the permit.<\/p>\n

[twitter-follow screen_name=’oilnewskenya’]<\/p>\n","protected":false},"excerpt":{"rendered":"

[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 … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":1530,"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":[313,316,869,1311,1505,1570,1926,1961,2433,2502],"class_list":["post-2380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-block-l6","tag-block-l9","tag-far-ltd","tag-kifaru","tag-maridadi-well","tag-milio-international","tag-ophir-energy","tag-pancontinental-oil-gas","tag-sunbird-1-discovery","tag-tembo","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/far-blocks.png?fit=301%2C273&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-Co","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":2380,"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":482,"url":"https:\/\/www.oilnewskenya.com\/index.php\/pancontinental-onshore-kenya-l6-farmed-out-for-seismic-and-drilling\/","url_meta":{"origin":2380,"position":1},"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":1529,"url":"https:\/\/www.oilnewskenya.com\/index.php\/far-ltd-delays-2d-seismic-acquisition-in-kenyas-block-l6-over-security-concerns\/","url_meta":{"origin":2380,"position":2},"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. According to a statement from the company the operations which were to start in June\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":1854,"url":"https:\/\/www.oilnewskenya.com\/index.php\/far-ltd-to-drill-2-wells-in-kenyas-block-l6-in-2015\/","url_meta":{"origin":2380,"position":3},"title":"Far Ltd to drill 2 wells in Kenya’s block L6 in 2015","author":"Samuel Kamau Mbote","date":"October 1, 2014","format":false,"excerpt":"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. Offshore the company is currently progressing a farm out initiative for drilling an offshore well with the\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":2757,"url":"https:\/\/www.oilnewskenya.com\/index.php\/2d-seismic-survey-kenyas-onshore-block-l6-expected-q2-2015\/","url_meta":{"origin":2380,"position":4},"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":4054,"url":"https:\/\/www.oilnewskenya.com\/index.php\/milio-international-pancontinental-oil-and-gas-planning-2d-seismic-kenyas-onshore-block-l6\/","url_meta":{"origin":2380,"position":5},"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. 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