{"id":4405,"date":"2016-02-28T19:03:43","date_gmt":"2016-02-28T19:03:43","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4405"},"modified":"2017-01-25T12:46:14","modified_gmt":"2017-01-25T12:46:14","slug":"africa-oil-receives-12-month-extension-in-rift-basin-area-ethiopia","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-receives-12-month-extension-in-rift-basin-area-ethiopia\/","title":{"rendered":"Africa Oil Receives 12 month extension in Rift Basin Area Ethiopia"},"content":{"rendered":"<p>Africa Oil has received a twelve month extension to the initial exploration period in the Rift Basin Area and will now expire in February 2017.<\/p>\n<p>A 2D seismic crew program was completed of approximately 600 kilometers of land and lake <a href=\"http:\/\/bit.ly\/1QncQjE\">seismic<\/a> during 2015 with source rock outcrops and oil slicks on the lakes having been identified in the block where there was previously no existing seismic or wells.<\/p>\n<p>During last year the Company incurred $0.8 million of intangible exploration expenditures in Ethiopia which consists of 2D seismic work being performed in the Rift Basin Area.<\/p>\n<p>The Rift Basin Area covers 42,519 square kilometers and is on trend and extending to the northeast of the highly prospective blocks in the Tertiary rift valley including the South Omo Block, and Kenyan Blocks 10BA, 10BB, 13T, and 12A.<\/p>\n<p>Africa Oil is Operator and owns 25% in the Ethiopia Rift Basin Area Block with <a href=\"http:\/\/bit.ly\/1WRGJMG\">Maersk Oil<\/a> 25% and Marathon Oil Ethiopia Limited B.V., holding the remaining 50%.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa Oil has received a twelve month extension to the initial exploration period in the Rift Basin Area and will now expire in February 2017. A 2D seismic crew program &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-receives-12-month-extension-in-rift-basin-area-ethiopia\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":2360,"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":[70,809,3303,1408,3784,1499,4110,2160,2272,4109],"class_list":["post-4405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-africa-oil","tag-ethiopia","tag-extension","tag-license-extension","tag-maersk-oil","tag-marathon-oil","tag-oil-slicks","tag-rift-basin-area","tag-seismic","tag-tertiary-rift-valley","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/01\/rift-basin-block-map.png?fit=395%2C243&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-193","jetpack-related-posts":[{"id":6272,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-receives-one-year-license-extension-ethiopias-rift-basin-block\/","url_meta":{"origin":4405,"position":0},"title":"Africa Oil Receives One Year License Extension in Ethiopia\u2019s Rift Basin Block","author":"","date":"September 6, 2017","format":false,"excerpt":"Rift Basin Block operator Africa Oil has announced that the Ethiopian Ministry\u00a0of Mines,\u00a0Petroleum\u00a0and Natural Gas has awarded the Canadian company a one year extension to the block license which will now expire in February 2018. The extension is intended to allow the operator time to pursue its drilling options after\u2026","rel":"","context":"In &quot;Top News&quot;","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\/2015\/01\/rift-basin-block-map.png?fit=395%2C243&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2357,"url":"https:\/\/www.oilnewskenya.com\/index.php\/2d-seismic-acquisition-to-commence-in-ethiopias-rift-basin-area-block\/","url_meta":{"origin":4405,"position":1},"title":"2D seismic acquisition to commence in Ethiopia\u2019s Rift Basin Area Block","author":"Samuel Kamau Mbote","date":"January 23, 2015","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Africa Oil and its partners have announced that 2D seismic acquisition of a 400 to 800 kilometer land and lake survey earlier planned for Q4 2014 will begin at the end of January at the Rift Basin Area Block in Ethiopia. The frontier area that has no previous\u2026","rel":"","context":"In &quot;Top News&quot;","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\/2015\/01\/rift-basin-block-map.png?fit=395%2C243&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1647,"url":"https:\/\/www.oilnewskenya.com\/index.php\/2d-seismic-in-ethiopias-rift-basin-area-set-for-q4\/","url_meta":{"origin":4405,"position":2},"title":"2D seismic in Ethiopia\u2019s Rift basin Area set for Q4","author":"Samuel Kamau Mbote","date":"August 20, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Africa Oil is set to commence with a 2D seismic program in the Rift Basin Area, located north of the South Omo block in Ethiopia, next quarter. This is part of the planned work program by the block operator Africa Oil which is expected to range between 400\u2026","rel":"","context":"In &quot;Top News&quot;","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\/08\/rift-basin-area.png?fit=472%2C279&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-announces-farmouts-in-the-rift-basin-area-and-adigala-blocks-in-ethiopia\/","url_meta":{"origin":4405,"position":3},"title":"Africa Oil Announces Farmouts in the Rift Basin Area and Adigala Blocks in Ethiopia","author":"Samuel Kamau Mbote","date":"March 4, 2014","format":false,"excerpt":"Africa Oil has announced that it has received Ethiopian government approval in respect of two farmout agreements with Marathon Oil and New age Ethiopia Limited. Under the terms of the Marathon Oil farmout agreement, Marathon Oil will acquire a 50% interest in the Rift Basin Area in Ethiopia. Africa Oil\u2026","rel":"","context":"In &quot;Top News&quot;","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\/2013\/12\/africaoil.png?fit=280%2C273&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586,"url":"https:\/\/www.oilnewskenya.com\/index.php\/simba-energy-announces-further-2d-seismic-work-in-kenya\/","url_meta":{"origin":4405,"position":4},"title":"Simba Energy announces further 2D seismic work in Kenya","author":"Samuel Kamau Mbote","date":"February 24, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Simba Energy has granted permission to Taipan Resources Inc. (\"Taipan\") operator of Block 2B in Kenya, to carry out 2-D seismic in an area located in the southwest corner of Simba`s Block 2A just to the north of their Pearl prospect. Taipan, having already completed a small amount\u2026","rel":"","context":"In &quot;Top News&quot;","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":5722,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-relinquishes-ethiopias-south-omo-block\/","url_meta":{"origin":4405,"position":5},"title":"Africa Oil Relinquishes Ethiopia\u2019s South Omo Block","author":"","date":"February 28, 2017","format":false,"excerpt":"Africa Oil has reported that during the fourth quarter of 2016, the Company elected to relinquish its 15% working interest in the South Omo Block (Ethiopia) at the end of the exploration period. The block operated by Tullow oil was the location of the unsuccessful Shimela-1 well in Ethiopia drilled\u2026","rel":"","context":"In &quot;Top News&quot;","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\/02\/South-Omo-Block.png?fit=586%2C357&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/02\/South-Omo-Block.png?fit=586%2C357&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/02\/South-Omo-Block.png?fit=586%2C357&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4405","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=4405"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4405\/revisions"}],"predecessor-version":[{"id":4406,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4405\/revisions\/4406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/2360"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=4405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}