{"id":4806,"date":"2016-07-05T20:38:03","date_gmt":"2016-07-05T20:38:03","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4806"},"modified":"2017-01-25T07:03:16","modified_gmt":"2017-01-25T07:03:16","slug":"delonex-energy-is-slowly-becoming-a-major-player-in-east-africa","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/delonex-energy-is-slowly-becoming-a-major-player-in-east-africa\/","title":{"rendered":"Delonex Energy Is Slowly Becoming A Major Player in East Africa"},"content":{"rendered":"

Delonex Energy has since its entry in East Africa through the Ethiopian acreage in September 2014 increased its presence in the region just recently having acquired equity in Kenya\u2019s Block 12A<\/a> and Block 9 and could be said to be among explorers that\u00a0have gained the largest acreage in the last three years\u00a0.<\/p>\n

Most significant is the acquisition of 50% interests in Block 9 following the departure of Marathon Oil<\/a> a license that has already witnessed a natural gas discovery at the Sala-1<\/a> well. This is in line with the company\u2019s strategy to actively evaluate acquisition of discovered resources and producing assets.<\/p>\n

Delonex also acquired Marathon\u2019s 50 percent interest in the Ethiopia Rift Basin Area Block where Africa Oil is Operator and owns the remaining 50%.<\/p>\n

The company established in 2013 with an initial investment of\u00a0$600m led by Warburg Pincus, a global private equity firm, and the IFC, a member of the World Bank Group has also over the same period seen it acquire its first license at the Onshore Palmera Block as an operator in the Mozambique<\/a> fifth Licensing round alongside the Indian Oil Corporation and Empresa Nacional de Hidrocarbonetos E.P (ENH) as joint venture partners.<\/p>\n

In Ethiopia<\/a> the company holds an exploration license in Ethiopia covering Blocks 18, 19 and 21 in the Abred-Ferfer area<\/p>\n

The various licenses where the company is actively involved \u00a0in line with the Rahul Dhir led company\u2019s plan to access exploration opportunities through licence rounds, farm-ins and\u00a0direct awards from host governments.<\/p>\n

In this low price period Delonex says it is\u00a0well placed to access opportunities in the current market environment by\u00a0leveraging: committed capital from its investors, fast tracking exploration, development and monetisation of resources,maximizing returns on assets through operating\u00a0efficiency\u00a0enhancements and its \u00a0ability to mobilise expertise and people fast, to deliver\u00a0best-in-class\u00a0technology and execution.<\/p>\n

Besides Rahul Delonex has tapped a majority of its senior management team from \u00a0Cairn India including: its Executive Director for Exploration & Sub-Surface David Ginger, \u00a0Chief Financial Officer Ajay Gupta, among others.<\/p>\n

Delonex Energy is headquartered in London, United Kingdom with offices in Ethiopia, Kenya, Mozambique and India.<\/p>\n","protected":false},"excerpt":{"rendered":"

Delonex Energy has since its entry in East Africa through the Ethiopian acreage in September 2014 increased its presence in the region just recently having acquired equity in Kenya\u2019s Block … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":4807,"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":[70,4624,580,671,4126,809,3319,1252,1499,1636,3780,2571,4625,2745],"class_list":["post-4806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-africa-oil","tag-cairn-india","tag-delonex-energy","tag-east-africa","tag-empresa-nacional-de-hidrocarbonetos-e-p-enh","tag-ethiopia","tag-ifc","tag-kenya","tag-marathon-oil","tag-mozambique","tag-rift-basin-area-block","tag-tullow-oil","tag-warburg-pincus","tag-world-bank","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/07\/Delonex-Energy-Map.png?fit=509%2C501&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1fw","jetpack-related-posts":[{"id":1788,"url":"https:\/\/www.oilnewskenya.com\/index.php\/delonex-energy-awarded-exploration-license-in-ethiopia\/","url_meta":{"origin":4806,"position":0},"title":"Delonex Energy Awarded Exploration License in Ethiopia","author":"Samuel Kamau Mbote","date":"September 17, 2014","format":false,"excerpt":"British explorer with focus on Central and East Africa Delonex Energy Limited has been awarded an exploration license in Ethiopia covering Blocks 18, 19 and 21 in the Abred-Ferfer area. The three year initial exploration license awarded late last month covers a total acreage of 29,865sq km with a provision\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\/ethiopia-flag.gif?fit=432%2C216&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4069,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-announces-farm-down-to-delonex-energy-in-kenyas-block-12a\/","url_meta":{"origin":4806,"position":1},"title":"Tullow Oil announces Farm-Down to Delonex Energy in Kenya\u2019s Block 12A","author":"","date":"November 11, 2015","format":false,"excerpt":"Kenya\u2019s Block 12A operator Tullow Oil has announced it has agreed to farm-down 25% of its 65% operated working interest in Block 12A to Delonex for a carry. The block which expects to see its first well spud in 2016 has seen a lot of activity in the past fortnight\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\/2015\/11\/Block-12A.png?fit=447%2C346&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7192,"url":"https:\/\/www.oilnewskenya.com\/index.php\/delonex-energy-completes-2d-seismic-acquisition-block-12a\/","url_meta":{"origin":4806,"position":2},"title":"Delonex Energy Completes 2D seismic acquisition in Block 12A","author":"","date":"October 3, 2018","format":false,"excerpt":"Block 12A operator Delonex Energy has completed the acquisition of 2D seismic in the block which was undertaken with the aim of obtaining additional structural subsurface information from seismic data as part of the exploration for viable hydro-carbons in the block According to a source the survey carried out by\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-12A-seismic-lines.png?fit=504%2C518&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8123,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-appoints-rahul-dhir-as-ceo\/","url_meta":{"origin":4806,"position":3},"title":"Tullow Oil Appoints Rahul Dhir as CEO","author":"","date":"April 21, 2020","format":false,"excerpt":"Tullow Oil plc (Tullow) has announced the appointment of Rahul Dhir as Chief Executive Officer and an Executive Director of the Group. Rahul will take up his appointment from 1 July 2020 and Dorothy Thompson, currently Executive Chair of Tullow, will return to her position as Non-Executive Chair after a\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":"","width":0,"height":0},"classes":[]},{"id":7156,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-relinquishes-kenyas-block-9\/","url_meta":{"origin":4806,"position":4},"title":"Africa Oil Relinquishes Kenya\u2019s Block 9","author":"","date":"August 15, 2018","format":false,"excerpt":"Block 9 operator Africa Oil has\u00a0submitted a notice to the Government of\u00a0Kenya\u00a0relinquishing its interest in the block leaving Delonex as the only partner after acquiring Marathon Oil\u2019s equity. The two JV partners had until June 2018 to\u00a0reevaluate\u00a0and reprocess seismic and other data the Bogal-1 well which was plugged and abandoned\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\/04\/Block-9-wells.jpg?fit=1072%2C687&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/04\/Block-9-wells.jpg?fit=1072%2C687&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/04\/Block-9-wells.jpg?fit=1072%2C687&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/04\/Block-9-wells.jpg?fit=1072%2C687&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/04\/Block-9-wells.jpg?fit=1072%2C687&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5737,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-exits-kenyas-block-12a\/","url_meta":{"origin":4806,"position":5},"title":"Africa Oil Exits Kenya\u2019s Block 12A","author":"","date":"March 7, 2017","format":false,"excerpt":"Africa Oil has withdrawn from Block 12A according to its fourth quarter financial and full year financial and operating results and written off $2.0 million in intangible exploration assets relating to the block. The Block which is operated by Tullow Oil was the focus in Q1 2016 during the drilling\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\/2015\/11\/Block-12A.png?fit=447%2C346&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\/4806","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=4806"}],"version-history":[{"count":3,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4806\/revisions"}],"predecessor-version":[{"id":4810,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4806\/revisions\/4810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/4807"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=4806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}