{"id":5434,"date":"2016-11-28T10:31:21","date_gmt":"2016-11-28T10:31:21","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=5434"},"modified":"2017-01-24T13:24:26","modified_gmt":"2017-01-24T13:24:26","slug":"swala-energy-jv-partners-risk-losing-kilosa-kilombero-in-tanzania","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-jv-partners-risk-losing-kilosa-kilombero-in-tanzania\/","title":{"rendered":"Swala Energy JV Partners Risk Losing Kilosa-Kilombero in Tanzania"},"content":{"rendered":"

Kilosa-Kilombero block operator Swala and joint venture partners Otto Energy, Tata Petrodyne and MV Upstream are in the risk of losing their license with every indication they are likely to meet their commitment obligations following their ongoing dispute and court case in the Australian high court.<\/p>\n

The partners had earlier received a one year extension<\/a> expiring February 2017 from Tanzanian Petroleum Development Corporation (TPDC) and Ministry of Energy and Minerals (MEM) within which they were to drill a well at the block.<\/p>\n

An earlier planned drilling at the Kito prospect has however been postponed<\/a> following squabbles arising from a failed joint farm-in<\/a> by Tata Petrodyne and \u2018un-finalized\u2019 agreements thereafter.<\/p>\n

According to Otto Energy there is likely to be an ensuing standoff until the outstanding issues are settled out of court or at the high court.<\/p>\n

\u201cJV issues need to be resolved before drilling planning can re-commence,\u201d Otto Energy managing director and CEO Mathew Allen during the latest annual general meeting presentation last week.<\/p>\n

Among other outstanding issues include default notices by both parties where Otto has accused<\/a> the operator for failure to satisfy the joint venture of its solvency while the latter has accused Otto and Tata Petrodyne for failure to pay July 2016 cash calls of US$240,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kilosa-Kilombero block operator Swala and joint venture partners Otto Energy, Tata Petrodyne and MV Upstream are in the risk of losing their license with every indication they are likely to … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":4536,"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":[7,11],"tags":[1327,5571,5570,1587,4601,1940,2447,5569,4193],"class_list":["post-5434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil-politics","category-top-news","tag-kilosa-kilombero","tag-mathew-allen","tag-mem","tag-ministry-of-energy-and-minerals","tag-mv-upstream","tag-otto-energy","tag-swala-energy","tag-tanzanian-petroleum-development-corporation-tpdc","tag-tata-petrodyne","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/03\/Kito-Prospect-Map.png?fit=899%2C529&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1pE","jetpack-related-posts":[{"id":5424,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tata-petrodyne-farm-in-behind-swala-otto-energy-dispute-in-tanzania\/","url_meta":{"origin":5434,"position":0},"title":"Tata Petrodyne Farm-in behind Swala, Otto Energy dispute in Tanzania","author":"","date":"November 23, 2016","format":false,"excerpt":"A simmering dispute between two Australian companies Swala and Otto Energy in Tanzania could have emanated from a failed joint farm-down by Tata Petrodyne Limited. According to Swala Energy in it latest presentation to shareholders the two joint venture partners had earlier agreed on a joint farm-down by Tata Petrodyne\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Tata-Swala.jpg?fit=200%2C200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5908,"url":"https:\/\/www.oilnewskenya.com\/index.php\/otto-energy-doubtful-of-kito-1-drilling-until-disputes-are-resolved\/","url_meta":{"origin":5434,"position":1},"title":"Otto Energy Doubtful of Kito-1 Drilling Until Disputes Are Resolved","author":"","date":"May 4, 2017","format":false,"excerpt":"Joint venture partner in the Kilosa-Kilombero license Australian explorer Otto Energy has poured cold water on the drilling of Kito-1 well until outstanding disputes with Operator, Swala Oil & Gas (Tanzania) plc (SOGT) \u00a0are resolved in its latest quarterly report. \u201cForward Plan Until the outstanding joint venture disputes are resolved,\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"Kilosa Kilombero work programme guarantee","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/02\/Kilosa-Kilombero-work-programme-guarantee.png?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/02\/Kilosa-Kilombero-work-programme-guarantee.png?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/02\/Kilosa-Kilombero-work-programme-guarantee.png?resize=525%2C300 1.5x"},"classes":[]},{"id":7053,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-oil-gas-pushes-kito-1-well-drilling-2019\/","url_meta":{"origin":5434,"position":2},"title":"Swala Oil & Gas Pushes Kito 1 Well Drilling to 2019","author":"","date":"June 12, 2018","format":false,"excerpt":"The drilling of the Kito 1 well in Tanzania\u2019s Kilosa Kilombero license will likely happen in 2019 following the signing of a Memorandum of Understanding between Swala Oil and Gas, the Tanzania Petroleum Development Corporation and the Tanzania Wildlife Management Authority that will ensure that the explorer receives, in 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":5712,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-oil-gas-hints-12-month-license-extension-in-tanzanias-kilosa-kilombero\/","url_meta":{"origin":5434,"position":3},"title":"Swala Oil & Gas Hints 12 month License Extension in Tanzania\u2019s Kilosa Kilombero","author":"","date":"February 27, 2017","format":false,"excerpt":"Swala Oil & Gas (Tanzania) plc has announced that it has received a 12 month extension from the Ministry of Energy and Mines at the Kilosa Kilombero license although with a caveat that the contractors provide financial guarantees covering the minimum well commitment before it extended the Production Sharing Agreement\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/swala-energy-1.jpg?fit=650%2C451&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5740,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-oil-gas-granted-extension-of-tanzanias-kilosa-kilombero-licence\/","url_meta":{"origin":5434,"position":4},"title":"Swala Oil & Gas Granted Extension Of Tanzania’s Kilosa-Kilombero Licence","author":"","date":"March 7, 2017","format":false,"excerpt":"Swala Oil & Gas (Tanzania) plc has announced that it has been awarded an extension to the Kilosa-Kilombero licence by the Ministry of Energy and Minerals. This extension runs to the 20th February 2018 and is to be deducted from the First Extension Period (as that is defined in the\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"Kilosa Kilombero work programme guarantee","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/02\/Kilosa-Kilombero-work-programme-guarantee.png?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/02\/Kilosa-Kilombero-work-programme-guarantee.png?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/02\/Kilosa-Kilombero-work-programme-guarantee.png?resize=525%2C300 1.5x"},"classes":[]},{"id":4889,"url":"https:\/\/www.oilnewskenya.com\/index.php\/otto-energy-pushes-to-remove-swala-energy-as-operator-in-tanzanias-kilosa-kilombero-license\/","url_meta":{"origin":5434,"position":5},"title":"Otto Energy pushes to Remove Swala Energy as Operator in Tanzania’s Kilosa-Kilombero License","author":"","date":"August 1, 2016","format":false,"excerpt":"Otto Energy Ltd through its wholly-owned subsidiary, Otto Energy (Tanzania) Pty Ltd, has said \u00a0it wants current operator Pangani and Kilosa-Kilombero licenses relieved off its role after defaulting in various cash calls. 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