{"id":5119,"date":"2016-09-01T18:34:07","date_gmt":"2016-09-01T18:34:07","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=5119"},"modified":"2017-01-24T19:22:55","modified_gmt":"2017-01-24T19:22:55","slug":"adamantine-energy-bowleven-lose-kenyas-block-11b","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/adamantine-energy-bowleven-lose-kenyas-block-11b\/","title":{"rendered":"Adamantine Energy, Bowleven Lose Kenya\u2019s Block 11B"},"content":{"rendered":"<p>Kenya\u2019s Block 11B operator Adamantine Energy and joint venture partner Bowleven will not be receiving an extension on their license according to commissioner for petroleum Ministry of Energy and Petroleum Martin Heya.<\/p>\n<p>Speaking to OiNews Kenya the commissioner without elaborating why said the license is now vacant after <a href=\"http:\/\/bit.ly\/2c801hP\">expiring<\/a> in June 2016 and will be up for auction once the country advertises all unoccupied blocks.<\/p>\n<p>&#8220;We have decided we will not renew their license,&#8221; Heya told OilNews Kenya.<\/p>\n<p>The JV partnership which had earlier been awarded a one year license\u00a0<a href=\"http:\/\/bit.ly\/1TR9Djp\">extension<\/a>\u00a0to enable evaluation ahead of second phase decision with completion of acquisition processing and interpretation of 2D seismic on block 11B remaining among the key objectives failed to use the opportunity and squandered it engaging in legal battles at the English High Court.<\/p>\n<p>The English High Court in the case of\u00a0Adamantine Energy (Kenya) Limited v Bowleven (Kenya) Limited\u00a0[2016] EWHC 130 (Comm) ruled that what happened on 25 February 2015 was not a valid \u2018drill or drop\u2019 vote under the SPA, and that Bowleven therefore did not have to transfer its interests under the PSC.<\/p>\n<p>Under the farm-in agreement in September 2012 Bowleven was to fund the work programme for the initial two year exploration period at an estimated cost of $10 million including an airborne geophysical survey and the acquisition of 2D <a href=\"http:\/\/bit.ly\/1UhbZ5j\">seismic<\/a>. Bowleven would also provide technical support to Adamantine, as operator, under a TSA during the initial exploration period.<\/p>\n<p>Block 11B covers an area of approximately 14,200 square kilometres covering the Loeli, Lotikipi, Gatome and South Gatome basins. The basins are to the north of the Lokichar Basin\u00a0where a significant oil discovery has been made in recent months with the Ngamia-1 well.<\/p>\n<p>Analysis of the existing gravity and magnetics and seismic datasets suggest the basins in block 11B are of similar form to Lokichar and analogous geological plays and petroleum system elements are expected.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kenya\u2019s Block 11B operator Adamantine Energy and joint venture partner Bowleven will not be receiving an extension on their license according to commissioner for petroleum Ministry of Energy and Petroleum &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/adamantine-energy-bowleven-lose-kenyas-block-11b\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":1159,"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":[53,4551,263,344,5092,896,970,1252,1439,1445,1456,1589,5093,2272,4549],"class_list":["post-5119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-adamantine-energy","tag-adamantine-energy-kenya-limited-versus-bowleven-kenya-limited","tag-block-11b","tag-bowleven","tag-commissioner-for-petroleum","tag-first-oil","tag-gatome","tag-kenya","tag-loeli","tag-lokichar-basin","tag-lotikipi","tag-ministry-of-energy-and-petroleum","tag-ngamia-1-well","tag-seismic","tag-south-gatome","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-11b.png?fit=495%2C523&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1kz","jetpack-related-posts":[{"id":5426,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenyas-block-11b-loss-cost-bowleven-11-8-million-in-2016\/","url_meta":{"origin":5119,"position":0},"title":"Kenya\u2019s Block 11B Loss Cost Bowleven $11.8 million in 2016","author":"","date":"November 24, 2016","format":false,"excerpt":"Bowleven has reported that the loss of its Kenyan acreage operated by Adamantine Energy resulted in unsuccessful exploration costs of $11.8 million being charged to the Income Statement in the current financial year. According to Bowleven the costs are significally low as a majority of expenditure on block 11B was\u2026","rel":"","context":"In &quot;Oil products&quot;","block_context":{"text":"Oil products","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-products\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-11b.png?fit=495%2C523&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2662,"url":"https:\/\/www.oilnewskenya.com\/index.php\/adamantine-energy-seeks-15-month-extension-kenyas-block-11b\/","url_meta":{"origin":5119,"position":1},"title":"Adamantine Energy seeks 15 month extension in Kenya\u2019s Block 11B","author":"","date":"March 4, 2015","format":false,"excerpt":"Adamantine, operator of block 11B, has advised that they have applied to the Kenyan authorities for a 15 month extension to allow for the acquisition, processing and evaluation of 2D seismic. This follows delayed commencement of seismic operations due to logistical issues as well as security concerns. Given the above\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\/06\/block-11b.png?fit=495%2C523&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4734,"url":"https:\/\/www.oilnewskenya.com\/index.php\/adamantine-energy-kenyas-block-11b-license-expires\/","url_meta":{"origin":5119,"position":2},"title":"Adamantine Energy Kenya&#8217;s Block 11B License Expires","author":"","date":"June 2, 2016","format":false,"excerpt":"A PSC between Block 11B operator Adamantine Energy and the Republic of Kenya signed in June 2012 has expired with no word of any license extensions or renewal although a JV partnership also involving Bowleven and first oil was unable to complete the initial minimum work programme. The JV partnership\u2026","rel":"","context":"In \"2D seismic\"","block_context":{"text":"2D seismic","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/2d-seismic\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-11b.png?fit=495%2C523&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2058,"url":"https:\/\/www.oilnewskenya.com\/index.php\/bowleven-awarded-one-year-license-extension-kenya-block-11b\/","url_meta":{"origin":5119,"position":3},"title":"Bowleven awarded one year license extension Kenya block 11B","author":"Samuel Kamau Mbote","date":"November 17, 2014","format":false,"excerpt":"Bowleven has announced that it has received a license extension to enable evaluation ahead of second phase decision. Following the license extension to May 2015 Bowleven says that the completion of acquisition processing and interpretation of 2D seismic on block 11B remains among the key objectives for the next 12\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\/11\/screenshot_1.png?fit=519%2C389&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1158,"url":"https:\/\/www.oilnewskenya.com\/index.php\/2d-seismic-acquisition-in-block-11b-set-for-h2-2014\/","url_meta":{"origin":5119,"position":4},"title":"2D Seismic acquisition in Kenya&#8217;s Block 11B set for H2 2014","author":"Samuel Kamau Mbote","date":"June 6, 2014","format":false,"excerpt":"2D seismic acquisition for 500 kilometers in Block 11B is expected to start soon with the tendering process at an advanced stage according to a presentation made Bowleven CEO Kevin Hart at the 11th Africa Independents Forum. Block 11B which is held by Bowleven and Adamantine Energy is 14,200km2 in\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\/06\/block-11b.png?fit=495%2C523&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1451,"url":"https:\/\/www.oilnewskenya.com\/index.php\/bowleven-set-to-end-strategic-alliance-agreement-with-petrofac\/","url_meta":{"origin":5119,"position":5},"title":"Bowleven set to end Strategic Alliance Agreement with Petrofac","author":"Samuel Kamau Mbote","date":"July 15, 2014","format":false,"excerpt":"Africa focused oil and gas explorer Bowleven which operates in Kenya and Cameroon has announced it\u00a0will be terminating the Strategic Alliance Agreement with Petrofac after the two companies reached a mutually acceptable agreement. Under the agreement Bowleven will pay $9 million to Petrofac upon completion of the farm-out transaction as\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":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5119","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=5119"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5119\/revisions"}],"predecessor-version":[{"id":5121,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5119\/revisions\/5121"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1159"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}