{"id":4661,"date":"2016-05-10T09:23:14","date_gmt":"2016-05-10T09:23:14","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4661"},"modified":"2017-01-25T08:37:19","modified_gmt":"2017-01-25T08:37:19","slug":"breakdown-of-2c-oil-resources-increase-in-south-lokichar-basin","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/breakdown-of-2c-oil-resources-increase-in-south-lokichar-basin\/","title":{"rendered":"Breakdown of 2C Oil Resources Increase in South Lokichar Basin"},"content":{"rendered":"

Africa Oil has announced that an independent assessment of the Company’s Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya has been completed by DeGolyer and MacNaughton Canada Limited (DMCL) increased 2C unrisked resources increased by 150 million barrels (or 24%) to 766 million barrels of oil.<\/p>\n

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

This is an increase from the last independent assessment<\/a> of the Company\u2019s Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya by Gaffney, Cline & Associates increasing the total 2C (best) gross contingent resources by 67% to 616 million barrels of oil and total 3C (high) \u00a0gross contingent resources increased 52% to 1.29 billion barrels of oil.<\/p>\n

12 million barrels are however classified as Development Unclarified from the Etuko and Ewoi fields\u00a0leaving the Development Pending resources at 754 million barrels.<\/p>\n

In six of the fields (Ngamia, Amosing,Ekale, Etom, Twiga and Agete) the assessment placed the chance of commerciality at 86 percent while at Etuko and Ewoi the chance of commerciality at 50 percent.<\/p>\n

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

Net Contingent Resources in this table are AOC’s Working Interest fraction of the Gross Field Contingent Resources as of December 31, 2015 and do not represent AOC’s Working Interest following the completion of the farmout to Maersk which was completed in February 2016 <\/em><\/p>\n

The assessment also provides the net present value of future net revenue calculated under the terms of the Block 10BB and Block 13T PSCs using DMCL’s forecast prices with effective date December 31, 2015 less a constant $3\/bbl discount to Brent blend.<\/p>\n

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

\u201cThe level of these resources gives us confidence that we will exceed the threshold required for development and we continue to push forward for development sanction during 2017,” says Africa Oil CEO Keith Hill.<\/p>\n

On developing the fields Africa Oil says Pre-FEED engineering studies that have been completed on the production facilities and crude oil pipeline export route indicate that the main fields of the South Lokichar Basin will be developed using wells drilled from multi-well pads and using a secondary recovery waterflood scheme.<\/p>\n

Given the waxy nature of the reservoir fluids, heated water injection will be required in addition to artificial lift on the production wells to maximize oil recovery efficiency.\u00a0A heated, insulated export pipeline will be required to transport crude oil to the loading facilities at the port of Lamu.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa Oil has announced that an independent assessment of the Company’s Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya has been completed by … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":4666,"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":[4420,70,89,138,259,266,4419,715,813,816,828,1252,3909,1732,4421,2378,2571,2592],"class_list":["post-4661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-2c-unrisked-resources","tag-africa-oil","tag-agete","tag-amosing","tag-block-10bb","tag-block-13t","tag-degolyer-and-macnaughton-canada-limited","tag-ekale","tag-etom","tag-etuko","tag-ewoi","tag-kenya","tag-maersk-oil-and-gas","tag-ngamia","tag-pre-feed-engineering-studies","tag-south-lokichar-basin","tag-tullow-oil","tag-twiga","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/05\/Kenya-Discoveries-Block-10BB-Block-13T.png?fit=413%2C506&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1db","jetpack-related-posts":[{"id":1780,"url":"https:\/\/www.oilnewskenya.com\/index.php\/resource-estimates-in-kenyas-south-lokichar-basin-surpass-1-billion-barrels-of-oil-in-new-adjustment\/","url_meta":{"origin":4661,"position":0},"title":"Resource estimates in \u202a\u200eKenya\u202c\u2019s South Lokichar basin surpass 1 billion barrels of oil in new adjustment","author":"Samuel Kamau Mbote","date":"September 16, 2014","format":false,"excerpt":"Africa Oil Corp says that a new independent assessment of the Company's Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya has been completed by Gaffney, Cline & Associates increasing the total 2C (best) gross contingent resources by 67% to 616 million barrels of\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"2c gross estimates","src":"https:\/\/i0.wp.com\/oilnewskenya.com\/wp-content\/uploads\/2014\/09\/2c-gross-estimates.png?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/oilnewskenya.com\/wp-content\/uploads\/2014\/09\/2c-gross-estimates.png?resize=350%2C200 1x, https:\/\/i0.wp.com\/oilnewskenya.com\/wp-content\/uploads\/2014\/09\/2c-gross-estimates.png?resize=525%2C300 1.5x"},"classes":[]},{"id":6637,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenya-seeks-expert-south-lokichar-blocks-hydrocarbon-audit\/","url_meta":{"origin":4661,"position":1},"title":"Kenya Seeks for Expert in South Lokichar blocks Hydrocarbon Audit","author":"","date":"December 20, 2017","format":false,"excerpt":"The ministry of energy and petroleum (MoEP) through the Kenya Petroleum Technical Assistance Project (KEPTAP) has requested for an expression of interest from firms wishing to undertake a hydrocarbon reserves audit and to develop competent person\u2019s report for the oil assets in Block 10bb and 13t in North Western Kenya.\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\/Kenya-Discoveries-Block-10BB-Block-13T.png?fit=413%2C506&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4714,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-jv-partners-to-drill-more-basin-openers-appraisal-wells-in-kenya-in-late-2016\/","url_meta":{"origin":4661,"position":2},"title":"Tullow Oil, JV Partners To Drill More Basin Openers, Appraisal Wells in Kenya in Late 2016","author":"","date":"May 25, 2016","format":false,"excerpt":"Africa Oil has reiterated that the South Lokichar basin could see 2-4 Potential basin-openers in late 2016 and beyond as well as 4-8 Appraisal and exploration drilling targets raising hopes of renewed activity in Kenya\u2019s Blocks 10BB and 13T. The basin openers first reported by OilNews Kenya in December 2015\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\/Lokichar-Basin.png?fit=453%2C588&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13697,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenya-africa-oil-totalenergies-exit-block-10bb-10ba-13t\/","url_meta":{"origin":4661,"position":3},"title":"KENYA: Africa Oil, TotalEnergies Exit Block 10BB, 10BA &13T","author":"","date":"May 24, 2023","format":false,"excerpt":"Tullow Oil plc (Tullow) announces that Tullow Kenya B.V., as operator of its licences in Kenya, has been informed by its two minority partners of their intention to issue notices of withdrawal from Blocks 10BB, 13T and 10BA in the South Lokichar Basin (the \"Project\") for differing internal strategic reasons.\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Tullow-Oil-Kenya.png?fit=358%2C377&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1594,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenyas-block-10bb-13t-3d-seismic-on-course-to-be-complete-in-q4\/","url_meta":{"origin":4661,"position":4},"title":"Kenya\u2019s Block 10BB, 13T 3D seismic on course to be complete in Q4","author":"Samuel Kamau Mbote","date":"August 11, 2014","format":false,"excerpt":"The acquisition of a 550 square kilometer 3D seismic program in blocks 10BB and 13T is on course as scheduled to be complete in the fourth quarter of 2014 according to the latest operational update by Africa Oil. The seismic program that will be acquired over the discoveries and prospects\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\/block-13t.jpg?fit=624%2C767&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/block-13t.jpg?fit=624%2C767&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/block-13t.jpg?fit=624%2C767&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7936,"url":"https:\/\/www.oilnewskenya.com\/index.php\/are-tullow-oil-total-bailing-out-of-kenyas-oil-project\/","url_meta":{"origin":4661,"position":5},"title":"Are Tullow Oil & Total Bailing Out of Kenya\u2019s Oil Project?","author":"","date":"January 27, 2020","format":false,"excerpt":"According to reports emanating from France last week Tullow Oil the operator of blocks \u00a0Blocks 10 BA, 10 BB and 13T in the South Lokichar Basin the company together with its JV partner Total seeking for a partial or total equity change in their acreage sending mixed messages in 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\/11\/IMG-20171012-WA0083.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/IMG-20171012-WA0083.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/IMG-20171012-WA0083.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/IMG-20171012-WA0083.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/IMG-20171012-WA0083.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4661","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=4661"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4661\/revisions"}],"predecessor-version":[{"id":4668,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4661\/revisions\/4668"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/4666"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=4661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}