{"id":2757,"date":"2015-03-30T07:33:08","date_gmt":"2015-03-30T07:33:08","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=2757"},"modified":"2015-05-18T19:17:57","modified_gmt":"2015-05-18T19:17:57","slug":"2d-seismic-survey-kenyas-onshore-block-l6-expected-q2-2015","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/2d-seismic-survey-kenyas-onshore-block-l6-expected-q2-2015\/","title":{"rendered":"2D seismic survey in Kenya\u2019s Onshore Block L6 expected in Q2 2015"},"content":{"rendered":"

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.<\/p>\n

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 early 2016.<\/p>\n

Already the Government of Kenya has awarded the joint venture a one year extension<\/a> to the current PSC period in order to complete the work program in a safe manner although the operator \u00a0says\u00a0 working in the block remains a challenge at this time.<\/p>\n

“Security issues have hampered the conduct of a seismic survey to be conducted by Milio which has been deferred until Q2 2015 with drilling now estimated to commence in early 2016. Working in Kenya remains a challenge at this time,” says FAR chairman Nic Limb.<\/p>\n

Pursuant to the terms of the farm-out agreement by FAR in the block to Milio in February 2014, FAR is to be fully funded through the acquisition, processing and interpretation of an onshore 2D seismic survey and the drilling and testing of a high impact onshore exploration well in Block L6.<\/p>\n

The drilling of the farm-out well will satisfy the work program and expenditure obligations for the current permit period of the Block L6 PSC. S<\/p>\n

FAR adds that the farm-out parties are currently negotiating a farm-out amendment deed to reflect the above mentioned changed circumstances\u00a0 as the seismic program was due to commence in March 2015.<\/p>\n

\"Block<\/a><\/p>\n

 <\/p>\n

Last year FAR had planned to drill two wells<\/a>\u00a0one onshore and one offshore well in the last quarter of 2015 with a\u00a0a farm out initiative for drilling an offshore well earlier\u00a0expected to be complete by the end of October 2014.<\/p>\n

Efforts to seek a partner<\/a> for drilling in offshore Block L6 continue into 2015.<\/p>\n

Following the completion of the farm-out agreement, FAR will remain the Operator on record of the entire PSC for Block L6. Pursuant to the terms of the farm-out agreement including Milio fulfilling the required farm-out activities, Milio will earn the rights and an associated 60% beneficial interest in relation to the onshore part of Block L6 only and FAR retains a 24% beneficial interest in the joint venture for the onshore part of Block L6.<\/p>\n

FAR also preserves its 60% interest in the joint venture for the highly prospective offshore part of Block L6 which \u00a0has an estimated 3.75 billion barrels of oil or 10.23 trillion cubic feet of gas)\u00a0combined unrisked Prospective Resources*<\/p>\n","protected":false},"excerpt":{"rendered":"

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 … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":2759,"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":true,"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":[26,313,869,1252,1569,1570],"class_list":["post-2757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-2d-seismic","tag-block-l6","tag-far-ltd","tag-kenya","tag-milio-ep-limited","tag-milio-international","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Block-L6.png?fit=340%2C396&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-It","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":2757,"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":7163,"url":"https:\/\/www.oilnewskenya.com\/index.php\/farm-negotiations-between-far-ltd-milio-international-collapse\/","url_meta":{"origin":2757,"position":1},"title":"Farm-in Negotiations Between FAR Ltd & Milio International Collapse","author":"","date":"August 30, 2018","format":false,"excerpt":"Kenya's Block 6 operator Australia\u2019s FAR Ltd has said it has terminated farm-in negotiations with regards to Block L6 due to the enduring land issues that have stopped land access in the Kipini Conservancy. According to the operator which suspended activity within the block earlier this year citing insecurity 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\/2017\/09\/WWF-Block-L6.jpg?fit=1123%2C794&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/WWF-Block-L6.jpg?fit=1123%2C794&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/WWF-Block-L6.jpg?fit=1123%2C794&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/WWF-Block-L6.jpg?fit=1123%2C794&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/WWF-Block-L6.jpg?fit=1123%2C794&ssl=1&resize=1050%2C600 3x"},"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":2757,"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":1529,"url":"https:\/\/www.oilnewskenya.com\/index.php\/far-ltd-delays-2d-seismic-acquisition-in-kenyas-block-l6-over-security-concerns\/","url_meta":{"origin":2757,"position":3},"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":6912,"url":"https:\/\/www.oilnewskenya.com\/index.php\/far-dialogue-kenya-2d-seismic-acquisition-block-l6\/","url_meta":{"origin":2757,"position":4},"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":1760,"url":"https:\/\/www.oilnewskenya.com\/index.php\/far-ltd-receives-term-extension-in-kenyas-block-l6\/","url_meta":{"origin":2757,"position":5},"title":"Far Ltd receives term extension in Kenya\u2019s Block L6","author":"Samuel Kamau Mbote","date":"September 12, 2014","format":false,"excerpt":"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 to access the ground to complete planned seismic operations because of security incidents in the country.\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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/2757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=2757"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/2757\/revisions"}],"predecessor-version":[{"id":2760,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/2757\/revisions\/2760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/2759"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=2757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=2757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=2757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}