{"id":5542,"date":"2017-01-10T21:21:57","date_gmt":"2017-01-10T21:21:57","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=5542"},"modified":"2017-01-24T12:10:50","modified_gmt":"2017-01-24T12:10:50","slug":"swala-energy-exits-kenyas-block-12b","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-exits-kenyas-block-12b\/","title":{"rendered":"Swala Energy Exits Kenya\u2019s Block 12B"},"content":{"rendered":"

There is uncertainty on whether Australian firm Swala Energy which\u00a0held 50 percent equity in Kenya\u2019s block 12B has relinquished its share\u00a0with the Tullow Oil website indicating that the operator now holds 100 percent equity.<\/p>\n

\"Tullow<\/a>Swala\u2019s Tanzania subsidiary that remains the only functioning website by the Australian explorer shows no Kenyan acreage in its assets category further confirming that it could have exited\/relinquished the acreage.<\/p>\n

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

\"Ahero<\/a>The exit if confirmed comes just months before the planned drilling in Block 12B where the joint venture recently announced the commencement of a Full-Tensor Gravity (\u201cFTG\u201d) Survey<\/a> expected to help gain further data on this prospective area where the operator Tullow Oil and Swala Energy have until 16th of August 2017 within which to drill the 12B exploration well.<\/p>\n

The Ahero lead \u201cA\u201d prospect<\/a> located on the northern margin of the Nyanza Graben and transected by five seismic lines has been identified by seismic as the first major structure that could potentially trap any migrating hydrocarbons from the basin and has a 10.9mmstb estimate and an estimated 10 percent chance of success.<\/p>\n

Whereas efforts to get any explanation as at the publishing of this article \"Kito<\/a>were futile the Australian explorer has been facing hurdles in finding a farm-in partner after the departure<\/a> of Compa\u00f1\u00eda Espa\u00f1ola de Petr\u00f3leos \u00a0 (CEPSA) while in Tanzania where a majority of its activity is there have been squabbles<\/a> with its JV partner Otto energy that are currently before the Australian high court. The planned drilling of the Kito prospect<\/a> in 2016 was postponed following the disputes.<\/p>\n

Earlier Compa\u00f1\u00eda Espa\u00f1ola de Petr\u00f3leos \u00a0(CEPSA) withdrew from the PSC after it was uncomfortable with the scheduled drilling by Swala Energy which announced it will be drilling its first exploratory well in Kenya\u2019s block 12B in 2015.<\/p>\n

Block 12B is located on the Nyanza Rift, a part of the East African Rift System (EARS) about 300km south of the recent oil discoveries in the Lokichar basin.<\/p>\n","protected":false},"excerpt":{"rendered":"

There is uncertainty on whether Australian firm Swala Energy which\u00a0held 50 percent equity in Kenya\u2019s block 12B has relinquished its share\u00a0with the Tullow Oil website indicating that the operator now … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":915,"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":[97,265,431,5732,690,872,5730,1252,5731,1445,1796,1940,2272,2447,2571],"class_list":["post-5542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil-politics","category-top-news","tag-ahero-a","tag-block-12b","tag-cepsa","tag-ears","tag-east-african-rift-system","tag-farm-in","tag-full-tensor-gravity-ftg-survey","tag-kenya","tag-kito-propsect","tag-lokichar-basin","tag-nyanza-rift","tag-otto-energy","tag-seismic","tag-swala-energy","tag-tullow-oil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/block-12b.jpg?fit=750%2C590&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1ro","jetpack-related-posts":[{"id":1170,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-oil-and-gas-to-raise-kshs-260-million-in-tanzanian-ipo\/","url_meta":{"origin":5542,"position":0},"title":"Swala Oil and Gas to raise Kshs.260 million in Tanzanian IPO","author":"Samuel Kamau Mbote","date":"June 9, 2014","format":false,"excerpt":"Swala Oil and Gas will starting today open its shares to the Tanzanian public selling 9.6 million shares at TZS 500 (approx. $0.31) a share as it seeks to get additional funds to the working capital. The initial public offer that starts today will close on 4th July with 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\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/swala-energy.jpg?fit=606%2C441&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5623,"url":"https:\/\/www.oilnewskenya.com\/index.php\/update-swala-energy-exits-kenyas-block-12b\/","url_meta":{"origin":5542,"position":1},"title":"Update: Swala Energy Exits Kenya\u2019s Block 12B","author":"","date":"January 25, 2017","format":false,"excerpt":"Oilnews Kenya can confirm that joint venture partner in Kenya\u2019s block 12B Australia\u2019s Swala Energy has exited from the license as earlier reported. According to communication from Tullow Oil the JV partner exited in October 2016 leaving the operator with 100 percent equity. \u201cIn line with the Joint Operating Agreement\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\/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":1340,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-completes-2d-seismic-in-kenyas-block-12b\/","url_meta":{"origin":5542,"position":2},"title":"Swala Energy completes 2D seismic in Kenya\u2019s Block 12B","author":"Samuel Kamau Mbote","date":"July 1, 2014","format":false,"excerpt":"Swala Energy has announced the completion and preliminary interpretation of its 2D seismic programme in Block 12B in Kenya and says the results were positive. Data from the seismic acquisition that covered a total of 350km according to Swala indicates the presence of large-scale faulted structures across the entire basin,\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\/04\/block-12b.jpg?fit=750%2C590&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/block-12b.jpg?fit=750%2C590&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/block-12b.jpg?fit=750%2C590&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/block-12b.jpg?fit=750%2C590&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1844,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-seeks-arbitration-after-cepsa-withdrawal-from-kenyas-block-12b\/","url_meta":{"origin":5542,"position":3},"title":"Swala Energy seeks arbitration after CEPSA withdrawal from Kenya’s Block 12B","author":"Samuel Kamau Mbote","date":"September 29, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Swala Energy Limited advises that its wholly-owned subsidiary, Swala Energy (Kenya) Limited, has referred to arbitration a dispute with CEPSA Kenya Limited (\u201cCEPSA\u201d) in connection with CEPSA\u2019s withdrawal from Block 12B in Kenya. CEPSA farmed in to Block 12B in Kenya and acquired a 25% equity interest. Upon\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\/04\/block-12b.jpg?fit=750%2C590&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/block-12b.jpg?fit=750%2C590&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/block-12b.jpg?fit=750%2C590&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/block-12b.jpg?fit=750%2C590&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1276,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-requests-share-trading-halt-ahead-of-kenyas-farmout-announcement\/","url_meta":{"origin":5542,"position":4},"title":"Swala Energy requests share trading halt ahead of Kenya’s farmout announcement","author":"Samuel Kamau Mbote","date":"June 19, 2014","format":false,"excerpt":"Swala Energy Limited \u00a0has\u00a0requested that a trading halt be implemented in respect of all Swala securities quoted on the Australian bourse (ASX) \u00a0pending an announcement from the Company in relation to an update of the farm-out agreement for a 25% working interest in Block 12B in Kenya. The Company in\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\/02\/swala-energy-kenya-1-sm1.jpg?fit=337%2C328&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2204,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-drops-its-arbitral-claim-in-respect-of-block-12b-kenya\/","url_meta":{"origin":5542,"position":5},"title":"Swala Energy drops its arbitral claim in respect of Block 12B, Kenya","author":"Samuel Kamau Mbote","date":"December 19, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Swala Energy has said it has dropped its arbitration proceedings against CEPSA in respect to Block 12B pursuant to its announcement of the 10th November 2014. According to Swala the company, block operator Tullow Oil Kenya B.V and CEPSA Kenya Limited, an affiliate of Compa\u00f1\u00eda Espa\u00f1ola de Petr\u00f3leos,\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\/06\/swala-energy-kenya-1-sm1.jpg?fit=337%2C328&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\/5542","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=5542"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5542\/revisions"}],"predecessor-version":[{"id":5545,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5542\/revisions\/5545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/915"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}