{"id":5546,"date":"2017-01-11T08:20:20","date_gmt":"2017-01-11T08:20:20","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=5546"},"modified":"2017-01-24T12:07:21","modified_gmt":"2017-01-24T12:07:21","slug":"tullow-oil-budgets-225m-in-kenyas-pre-development-exploration-and-appraisal-expenditure-in-2017","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-budgets-225m-in-kenyas-pre-development-exploration-and-appraisal-expenditure-in-2017\/","title":{"rendered":"Tullow Oil Budgets $225M in Kenya\u2019s Pre-development, Exploration and Appraisal Expenditure in 2017"},"content":{"rendered":"

Tullow Oil has announced that it will set aside $225M of the $500M Group\u2019s capital expenditure to Kenya\u2019s Pre-development, Exploration and Appraisal Expenditure this year.<\/p>\n

This expenditure is expected to be broken into $100M of pre-development expenditure and $125 million of Exploration and Appraisal spend.<\/p>\n

The new figures show a continued decrease in expenditure by the company $1 billion in exploration expenditure in 2014\u00a0to $200 million in 2015<\/a>, $100 million in exploration and appraisal budget and \u00a0$150 million pre-development expenditure in 2016<\/a> to the current \u00a0figures.<\/p>\n

Tullow oil which is currently drilling the Erut-1 well<\/a> in Kenya says it will then proceed to drill Amosing-6, a well targeting undrilled volumes, before moving to Ngamia-10, an appraisal well to the south of the Ngamia discovery.<\/p>\n

The wildcat Etete prospect approximately 2km south of the Etom field is the last of the four wells expected in 2017 although the company may consider extending the programme by up to four additional wells in 2017, depending upon the assessment of the results from the initial four wells.<\/p>\n

Tullow Oil has further reported that water injection trials have been successfully completed on the Amosing discovery in the South Lokichar Basin with data collected showing the viability of water injection for development planning. A similar programme of water injection tests on the Ngamia discovery are scheduled to commence later this month.<\/p>\n

Work continues on the Early Oil Pilot Scheme expected to commence in March, full field development planning and the export pipeline.<\/p>\n

The company also set aside .$90 million in capital expenditure for Ghana while Uganda\u2019s $125M will be offset by the Uganda farm-down<\/a> deferred consideration.<\/p>\n

Meanwhile the company has announced new board changes that will see Paul McDade, currently Chief Operating Officer appointed Chief Executive Officer as from April 2017 and Aidan Heavey,currently Chief Executive Officer and founder of Tullow Oil take over as non-executive Chairman.<\/p>\n

\u201cWith Aidan as Chairman, Paul and Tullow will continue to benefit from the founder\u2019s years of experience and deep understanding of the relationships that underpin our business in Africa,\u201d says outgoing chairman Simon Thompson.<\/p>\n

Paul McDade joined Tullow in 2001 and became Chief Operating Officer in 2004. In this role he has been a key member of the Executive team. Mr. McDade was appointed to Tullow\u2019s Board in 2006 and has over 30 years\u2019 experience in the oil and gas sector and has previously worked in various operational, commercial and management roles with Conoco, Lasmo and ERC. He holds degrees in Civil Engineering and Petroleum Engineering from Strathclyde University, Glasgow and Imperial College, London.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tullow Oil has announced that it will set aside $225M of the $500M Group\u2019s capital expenditure to Kenya\u2019s Pre-development, Exploration and Appraisal Expenditure this year. This expenditure is expected to … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":2207,"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":[100,138,4718,4717,5733,837,1252,1732,5018,4216,2316,2378,2571],"class_list":["post-5546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-aidan-heavey","tag-amosing","tag-erut","tag-etete","tag-expenditure","tag-exploration","tag-kenya","tag-ngamia","tag-paul-mcdade","tag-pre-development","tag-simon-thompson","tag-south-lokichar-basin","tag-tullow-oil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/tullow-oil.png?fit=385%2C255&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1rs","jetpack-related-posts":[{"id":5763,"url":"https:\/\/www.oilnewskenya.com\/index.php\/exclusive-tullow-oil-to-drill-an-additional-four-wells-in-kenya\/","url_meta":{"origin":5546,"position":0},"title":"Exclusive: Tullow Oil To Drill An Additional Four Wells In Kenya","author":"","date":"March 14, 2017","format":false,"excerpt":"Tullow Oil will be drilling an additional four wells with two of them confirmed and the rest in contingent status according to a source with information on the matter. The operator had earlier said it would drill four wells in 2017 in the South Lokichar basin including \u00a0Erut and Etete\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\/02\/KE-1316-Etuko-1-Marriott-PR46-Rig-2429-3.jpg?fit=512%2C768&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6675,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-spend-170m-kenyas-pre-development-exploration-appraisal-activity-2018\/","url_meta":{"origin":5546,"position":1},"title":"Tullow Oil to spend $170M in Kenya\u2019s Pre-Development, Exploration & Appraisal Activity in 2018","author":"","date":"January 10, 2018","format":false,"excerpt":"Tullow Oil estimates to spend approximately $170 Million in Kenya\u2019s Pre-Development, Exploration & Appraisal Activity in 2018 a majority of which is set aside for Exploration and Appraisal at $90 million and pre-development expenditure of $80 million. The capital expenditure in 2018 is a drop from last year\u2019s set expenditure\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\/02\/Weatherford-Rig-at-Epir-watermark.jpg?fit=1200%2C900&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/02\/Weatherford-Rig-at-Epir-watermark.jpg?fit=1200%2C900&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/02\/Weatherford-Rig-at-Epir-watermark.jpg?fit=1200%2C900&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/02\/Weatherford-Rig-at-Epir-watermark.jpg?fit=1200%2C900&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/02\/Weatherford-Rig-at-Epir-watermark.jpg?fit=1200%2C900&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4864,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-receives-3-year-license-extension-in-kenyas-blocks-10bb-13t\/","url_meta":{"origin":5546,"position":2},"title":"Tullow Oil Receives 3 Year License Extension in Kenya\u2019s Blocks 10BB, 13T","author":"","date":"July 27, 2016","format":false,"excerpt":"Tullow has announced it has reached an agreement with the Government of Kenya to extend the exploration period for Blocks 10BB and 13T in South Lokichar to 18 September 2020 with the earlier extension set to expire in July and September 2017. This announcement comes as the company expects to\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-10BB-13T.png?fit=361%2C351&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4242,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-slashes-east-africa-exploration-budget-focuses-on-pre-development-stage\/","url_meta":{"origin":5546,"position":3},"title":"Tullow Oil Slashes East Africa Exploration Budget Focuses on Pre-Development Stage","author":"","date":"January 13, 2016","format":false,"excerpt":"Tullow Oil has slashed its exploration and appraisal budget by 50 percent compared to 2015 to just $100 million as the company allocated $150 million to pre-development expenditure. The reduction is an overall cut in the group\u2019s capital expenditure associated with operating activities which has reduced from $1.7 billion 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\/2016\/01\/Tullow-Oil.jpg?fit=699%2C466&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/Tullow-Oil.jpg?fit=699%2C466&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/Tullow-Oil.jpg?fit=699%2C466&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11166,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenya-tullow-increases-expenditure-to-69m-in-2021\/","url_meta":{"origin":5546,"position":4},"title":"KENYA: Tullow Increases Expenditure to $59M in 2021","author":"","date":"November 18, 2021","format":false,"excerpt":"Tullow Oil has said it has increased its capital expenditure by $5 million to take account of revised Kenya expenditure according to its latest trading update. In its earlier report the company had allocated a pre-development expenditure of c.$4 million and exploration and appraisal expenditure of c.$50 million. \"Full year\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\/2020\/08\/Tullow-Oil-Kenya.png?fit=358%2C377&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2317,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-cuts-exploration-capital-expenditure-by-80-in-2015-following-oil-price-drop\/","url_meta":{"origin":5546,"position":5},"title":"Tullow Oil cuts exploration capital expenditure by 80% in 2015 following oil price drop","author":"Samuel Kamau Mbote","date":"January 15, 2015","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Tullow Oil has said it will be shrinking its 2015 exploration expenditure capital to just $200 million from $1 billion in 2014 as it takes steps to strengthen the business to adapt to current market conditions. The company that has exploration and production licenses in West and East\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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5546","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=5546"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5546\/revisions"}],"predecessor-version":[{"id":5547,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5546\/revisions\/5547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/2207"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}