{"id":5737,"date":"2017-03-07T08:29:07","date_gmt":"2017-03-07T08:29:07","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=5737"},"modified":"2017-03-07T08:41:01","modified_gmt":"2017-03-07T08:41:01","slug":"africa-oil-exits-kenyas-block-12a","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-exits-kenyas-block-12a\/","title":{"rendered":"Africa Oil Exits Kenya\u2019s Block 12A"},"content":{"rendered":"

Africa Oil has withdrawn from Block 12A according to its fourth quarter financial and full year financial and operating results and written off $2.0 million in intangible exploration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.<\/p>\n

The Block which is operated by Tullow Oil was the focus in Q1 2016 during the drilling of the Cheptuket well<\/a> which according to the operator encountered good oil shows, seen in cuttings and rotary sidewall cores, across a large interval of over 700 metres.<\/p>\n

The joint venture partners added that analysis of the well indicated the the presence of an active petroleum system with significant oil generation and represents the most significant well result to date in Kenya outside the South Lokichar basin and is thus not clear why the Canadian explorer has chosen to withdraw.<\/p>\n

Financial results by Africa Oil further indicate that the company incurred $46.6 million of intangible exploration expenditures in Kenya for the year ended December 31, 2016 which include drilling and completion expenditures primarily relate to the Cheptuket-1 exploration well in Block 12A, the water injection testing performed on the Amosing-3 appraisal well in Block 10BB, the drilling of Erut-1 <\/a>in Block 13T, as well as costs associated with demobilizing and remobilizing the PR Marriott 46 Rig and associated services.<\/p>\n

Tullow Oil has 40 percent net working interest in the block, Delonex 40 percent and Africa Oil had 20 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa Oil has withdrawn from Block 12A according to its fourth quarter financial and full year financial and operating results and written off $2.0 million in intangible exploration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 … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":4070,"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":[70,264,2814,580,5783,1295,2571,5913],"class_list":["post-5737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-africa-oil","tag-block-12a","tag-cheptuket-well","tag-delonex-energy","tag-exit","tag-kerio-basin","tag-tullow-oil","tag-withdrawal","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/11\/Block-12A.png?fit=447%2C346&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1ux","jetpack-related-posts":[{"id":4468,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-hits-dry-well-in-cheptuket-well-in-block-12a-source\/","url_meta":{"origin":5737,"position":0},"title":"Tullow Oil Hits Dry Well in Cheptuket Well in Block 12A \u2013 Source","author":"","date":"March 11, 2016","format":false,"excerpt":"Three months after the drilling of the wildcat well in block 12A commenced OilNews Kenya has learnt from a source who chose to be anonymous that the well has since been completed with no significant hydrocarbon shows. The well which spud on December 28th 2015 by the PR Marriott Rig-46\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\/07\/Mariott-Rig-with-watermark.jpg?fit=900%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/07\/Mariott-Rig-with-watermark.jpg?fit=900%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/07\/Mariott-Rig-with-watermark.jpg?fit=900%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/07\/Mariott-Rig-with-watermark.jpg?fit=900%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":4272,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cheptuket-1-well-in-kenyas-block-12a-on-course-to-complete-in-february\/","url_meta":{"origin":5737,"position":1},"title":"Cheptuket-1 Well in Kenya\u2019s Block 12A on course to complete in February","author":"","date":"January 20, 2016","format":false,"excerpt":"Block 12A basin opener Cheptuket well is still on its drilling schedule and is set to complete in February according to block operator Tullow Oil in its last update. The well that commenced drilling on 28th December 2014 by the PR Marriott Rig-46 is expected to test a basin bounding\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\/07\/Mariott-Rig-with-watermark.jpg?fit=900%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/07\/Mariott-Rig-with-watermark.jpg?fit=900%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/07\/Mariott-Rig-with-watermark.jpg?fit=900%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/07\/Mariott-Rig-with-watermark.jpg?fit=900%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":3958,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-block-kenyas-12a-basin-opener-drilling-pushed-to-q1-2016\/","url_meta":{"origin":5737,"position":2},"title":"Tullow Oil Pushes Kenya\u2019s Block 12A Basin Opener Drilling to Q1 2016","author":"","date":"October 29, 2015","format":false,"excerpt":"Block 12A basin opener Cheptuket exploration well earlier set to start drilling in October 2015 has been pushed forward to 2016 according to block operator Tullow Oil. The well which will test \u00a0test a basin bounding structural closure in the Kerio Valley Basin in a similar structural setting to 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\/03\/tullow-update.jpg?fit=456%2C600&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3185,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-africa-oil-commence-drilling-block-12a-basin-opener-october\/","url_meta":{"origin":5737,"position":3},"title":"Tullow Oil, Africa Oil to Commence Drilling Block 12A Basin Opener in October","author":"","date":"July 29, 2015","format":false,"excerpt":"Block 12A joint venture partners Tullow Oil and Africa Oil have announced they will spud the Cheptuket exploration well in October to test a basin bounding structural closure in the Kerio Valley Basin in a similar structural setting to the successful Ngamia and Amosing discoveries. \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\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\/01\/block-12a.jpg?fit=355%2C315&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4498,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-expresses-optimism-despite-disappointment-at-cheptuket\/","url_meta":{"origin":5737,"position":4},"title":"Tullow Oil Expresses Optimism Despite Disappointment at Cheptuket","author":"","date":"March 16, 2016","format":false,"excerpt":"Tullow Oil has said despite the Cheptuket well discovering oil it was pleasing that the company established a petroleum system in the unexplored Kerio basin the first by the company outside the South Lokichar basin. According to Tullow\u2019s CEO Aidan Heavey in the company update the exploration company identified 700\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\/03\/Cheptuket-1-well.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\/03\/Cheptuket-1-well.jpg?fit=699%2C466&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/03\/Cheptuket-1-well.jpg?fit=699%2C466&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4863,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-commences-ftg-over-kenyas-blocks-12b-12a\/","url_meta":{"origin":5737,"position":5},"title":"Tullow Oil Commences FTG Surveys Over Kenya\u2019s Blocks 12A, 12B","author":"","date":"July 27, 2016","format":false,"excerpt":"Full-Tensor Gravity (FTG) surveys have commenced over Block 12B in the Nyanza Graben and Block 12A over the Kerio Basin. The survey over\u00a0Block 12B is 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\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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5737","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=5737"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5737\/revisions"}],"predecessor-version":[{"id":5739,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5737\/revisions\/5739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/4070"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}