seismic<\/a> contract to commence work early in 2016 on Block 2A in Kenya which is anticipated to cover approximately 500 line kilometers.<\/p>\n“we hope our direct participation on the Board of Directors will enhance shareholder interests regarding project development planned on both current and future assets in Africa. Our commitment of investing US$100 million will be focused on this effort,” says Essel Group\u2019s Gagan Goel.<\/p>\n
Simba Energy CEO says the agreement allows the two partners to proceed with 2D seismic in the block.<\/p>\n
“We are delighted to enter into this Definitive Agreement with the Essel Group Middle East which will provide Simba with strong financial, and technical support as the Company proceeds with its planned seismic program with the objective to drill an exploration well in 2016,” said Robert Dinning, President and CEO.<\/p>\n","protected":false},"excerpt":{"rendered":"
Simba Energy has announced it has executed a definitive farm-out agreement with Essel Group Middle East DMCC on Block 2A in Kenya wherein Essel Group Middle East will earn a … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":1609,"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":[1],"tags":[26,273,3299,870,2312],"class_list":["post-4164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-2d-seismic","tag-block-2a","tag-essel-group","tag-farm-out","tag-simba-energy","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/block-2a.png?fit=301%2C269&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-15a","jetpack-related-posts":[{"id":3274,"url":"https:\/\/www.oilnewskenya.com\/index.php\/simba-energy-gets-kenya-government-greenlight-block-2a-farm-essel-group\/","url_meta":{"origin":4164,"position":0},"title":"Simba Energy Gets Kenya Government Greenlight for Block 2A Farm-in to Essel Group","author":"","date":"August 29, 2015","format":false,"excerpt":"Simba Energy has announced it has received formal approval from the Government of Kenya for its farm-in agreement with Essel Group. Under the terms of the farm-in agreement, Essel Group Middle East (Dubai) will earn a 60% participating interest in Simba's African portfolio, including Block 2A in Kenya, in exchange\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\/01\/thumnail_simba_energy.jpg?fit=300%2C200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5886,"url":"https:\/\/www.oilnewskenya.com\/index.php\/simba-energy-approves-essel-group-transactions-rebrands-to-simba-essel\/","url_meta":{"origin":4164,"position":1},"title":"Simba Energy Approves Essel Group Transactions, Rebrands to Simba Essel","author":"","date":"April 24, 2017","format":false,"excerpt":"Simba Energy has announced that at its recent annual general meeting 97.8% of the common shares held by disinterested shareholders voting at the AGM were voted in favour of ratifying, confirming and approving the two agreements the Company had entered into with Essel Group Middle East DMCC in 2015. Pursuant\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\/01\/thumnail_simba_energy.jpg?fit=300%2C200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7206,"url":"https:\/\/www.oilnewskenya.com\/index.php\/simba-essel-seeks-drilling-permit-block-2a\/","url_meta":{"origin":4164,"position":2},"title":"Simba Essel Seeks Drilling Permit for Block 2A","author":"","date":"October 24, 2018","format":false,"excerpt":"Block 2A operator Simba Essel has submitted a technical presentation to the Ministry as part of their application to obtain a formal permit to drill after review of data pertaining to the interpretation of seismic data from the recent survey which produced a total of five hundred and twenty (520)\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\/2018\/10\/Block-2A.png?fit=663%2C586&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/10\/Block-2A.png?fit=663%2C586&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/10\/Block-2A.png?fit=663%2C586&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3054,"url":"https:\/\/www.oilnewskenya.com\/index.php\/simba-energy-enters-agreement-essel-group-middle-east-invest-3-african-countries\/","url_meta":{"origin":4164,"position":3},"title":"Simba Energy Enters Into Agreement With Essel Group Middle East To Invest In 3 African Countries","author":"","date":"June 8, 2015","format":false,"excerpt":"Simba Energy has announced it has executed an Agreement with Essel Group Middle East, of Dubai, UAE, a subsidiary of Essel Group India, wherein Essel Group will earn a 60% participating interest in Simba's existing Production Sharing Contracts (PSC's) in Kenya, Chad and Guinea. Simba will be carried on all\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\/01\/thumnail_simba_energy.jpg?fit=300%2C200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5079,"url":"https:\/\/www.oilnewskenya.com\/index.php\/essel-simba-to-acquire-new-rig-to-drill-kenyas-block-2a\/","url_meta":{"origin":4164,"position":4},"title":"Essel, Simba to Acquire New Rig to Drill Kenya\u2019s Block 2A","author":"","date":"August 25, 2016","format":false,"excerpt":"Essel Group Middle East a joint venture partner in Kenya\u2019s Block 2A has announced it has entered into a definitive agreement to acquire a new skid mounted drilling rig as it prepares to drill in the license in Q4 2016. Essel Group says that DNV GL, the world-leading classification society\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\/07\/Block-2A.png?fit=505%2C611&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6561,"url":"https:\/\/www.oilnewskenya.com\/index.php\/simba-essel-acquire-3d-seismic-kenyas-block-2a-ahead-drilling\/","url_meta":{"origin":4164,"position":5},"title":"Simba Essel to Acquire 3D Seismic in Kenya\u2019s Block 2A Ahead of Drilling","author":"","date":"November 22, 2017","format":false,"excerpt":"Simba Essel has announced that following a review of the Sproule report, (the 51-101 report) it now plans to proceed with a 3D seismic program covering approximately 160 square kilometers over its most promising area in early 2018 as OilNews Kenya had earlier reported. The 3D seismic is expected 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\/2017\/11\/Block-2A-seismic.jpg?fit=1000%2C563&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/Block-2A-seismic.jpg?fit=1000%2C563&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/Block-2A-seismic.jpg?fit=1000%2C563&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/Block-2A-seismic.jpg?fit=1000%2C563&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\/4164","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=4164"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4164\/revisions"}],"predecessor-version":[{"id":4165,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4164\/revisions\/4165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1609"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=4164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}