{"id":4138,"date":"2015-11-26T08:49:43","date_gmt":"2015-11-26T08:49:43","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4138"},"modified":"2017-01-26T12:24:46","modified_gmt":"2017-01-26T12:24:46","slug":"rift-energy-ready-to-start-drilling-in-kenyas-block-l19-in-q1-2016","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/rift-energy-ready-to-start-drilling-in-kenyas-block-l19-in-q1-2016\/","title":{"rendered":"Rift Energy Ready to Start Drilling in Kenya\u2019s Block L19 in Q1 2016"},"content":{"rendered":"

Rift Energy has said it is ready to go ahead with drilling of its first well in Block L19 with pre-drilling works now complete.<\/p>\n

The company says it has identified four drill-ready prospects and 20+ additional leads with significant reserve potential and is currently in the final stages of completion of the Environmental Impact Assessments in the prospects.<\/p>\n

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

Rift Energy adds it is in the process of evaluating drilling tenders and is in discussion with the suppliers of other goods and services pertaining to the drilling program are ongoing.<\/p>\n

The Houston based explorer adds that it expects drilling costs to come down as compared to prior year estimates due to the world-wide depressed oil prices.<\/p>\n

\u201cThe currently depressed world-wide commodity price structure creates many challenges and opportunities. In East Africa, we view this environment as an opportunity to find and develop assets at a lower cost structure, which will enable us to capitalize on the upside when oil and gas prices return to historical levels,\u201d says Rift Energy President Fred Zaziski.<\/p>\n

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

Rift Energy estimates the current resource reserve estimates for its four drill-ready prospects include a total mid-range recoverable resource reserve estimate of 856 MMBLS oil and 13.6 TCF gas.<\/p>\n

The explorer adds it continues advanced discussions with several potential farm-in partners that will provide additional technical and financial support for its initial exploratory drilling program.<\/p>\n

Rift is currently in the second exploratory phase which will see the company obligated to either acquire 500 KM of 3D seismic or drill an exploration well during the next two years.<\/p>\n

There has been only one well drilled on Block L19 to date the Ria Kaluli 1 well was drilled off structure to a depth of 1,538 meters in 1962 and was plugged after encountering oil shows in the Karoo formation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rift Energy has said it is ready to go ahead with drilling of its first well in Block L19 with pre-drilling works now complete. The company says it has identified … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":1192,"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":[302,1252,1917,3802,2162],"class_list":["post-4138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-block-l19","tag-kenya","tag-onshore-kenya","tag-ria-kaluli-1-well","tag-rift-energy","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-l19.png?fit=374%2C412&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-14K","jetpack-related-posts":[{"id":3012,"url":"https:\/\/www.oilnewskenya.com\/index.php\/rift-energy-ready-drill-kenyas-block-l19\/","url_meta":{"origin":4138,"position":0},"title":"Rift Energy ready to drill in Kenya\u2019s Block L19","author":"","date":"May 25, 2015","format":false,"excerpt":"Houston based exploration company Rift Energy has told its shareholders that it is ready to commence drilling operations even as the company continues to evaluate potential acquisitions throughout east Africa. In its latest update the company says it is in the process of evaluating drilling and engineering service tenders for\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\/06\/block-l19.png?fit=374%2C412&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2141,"url":"https:\/\/www.oilnewskenya.com\/index.php\/rift-energy-identifies-5-drillable-targets-within-kenyas-block-l19\/","url_meta":{"origin":4138,"position":1},"title":"Rift Energy identifies 5 drillable targets within Kenya\u2019s Block L19","author":"Samuel Kamau Mbote","date":"December 9, 2014","format":false,"excerpt":"Rift Energy Corp has confirmed it has identified five drillable prospects and at least 21 leads within Block L19 in Kenya. This follows completion of the interpreting or mapping phase of its 724 KM 2D seismic program as well as information from the Aerial Gravity & Magnetic Survey and Geochemical\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\/rift-energy-block-l19.png?fit=343%2C310&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3176,"url":"https:\/\/www.oilnewskenya.com\/index.php\/rift-energy-hopeful-either-oil-gas-find-kenyas-block-l19\/","url_meta":{"origin":4138,"position":2},"title":"Rift Energy Hopeful of either Oil or Gas find in Kenya\u2019s Block L19","author":"","date":"July 22, 2015","format":false,"excerpt":"Houston based Rift Energy says its preliminary resource reserve estimates for the top ten leads (including the four drill-ready prospects) says it is hopeful of \u00a0encountering oil or gas when it drills its first well later this year. The block which has already seen one well \u00a0the Ria Kaluli 1\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\/06\/block-l19.png?fit=374%2C412&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1851,"url":"https:\/\/www.oilnewskenya.com\/index.php\/rift-energy-enters-second-exploration-phase-in-kenyas-block-l-19\/","url_meta":{"origin":4138,"position":3},"title":"Rift Energy enters second exploration phase in Kenya’s Block L19","author":"Samuel Kamau Mbote","date":"September 30, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Rift Energy Corp. has announced it is entering into the first additional two-year exploration program on Block L19 in Kenya after meeting or exceeding all contractual requirements of the initial two-year exploration program. Under the additional two-year exploration program on Block L19 Rift Energy is now obligated to\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\/rift-energy-block-l19.png?fit=343%2C310&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5511,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenyas-onshore-upstream-sector-set-to-pick-up-in-2017\/","url_meta":{"origin":4138,"position":4},"title":"Kenya\u2019s Onshore Upstream Sector Set to Pick Up in 2017","author":"","date":"January 4, 2017","format":false,"excerpt":"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\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\/2016\/05\/Petroleum-Exploration-Block-Map-of-Kenya.png?fit=555%2C534&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/05\/Petroleum-Exploration-Block-Map-of-Kenya.png?fit=555%2C534&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/05\/Petroleum-Exploration-Block-Map-of-Kenya.png?fit=555%2C534&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1701,"url":"https:\/\/www.oilnewskenya.com\/index.php\/initial-2d-seismic-on-kenyas-block-l19-encouraging-rift-energy\/","url_meta":{"origin":4138,"position":5},"title":"Initial 2D seismic on Kenya’s block L19 encouraging \u2013 Rift Energy","author":"Samuel Kamau Mbote","date":"September 1, 2014","format":false,"excerpt":"Rift energy has said the initial exploration program on block L19 have been very encouraging and confirm that it is a viable project. According to the latest investor update Rift energy says it has identified multiple drillable structures with data from the seismic confirming the company\u2019s original total recoverable potential\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\/rift-energy-block-l19.png?fit=343%2C310&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4138","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=4138"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4138\/revisions"}],"predecessor-version":[{"id":4139,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4138\/revisions\/4139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1192"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=4138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}