{"id":6592,"date":"2017-11-30T13:14:25","date_gmt":"2017-11-30T13:14:25","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=6592"},"modified":"2017-11-30T21:02:00","modified_gmt":"2017-11-30T21:02:00","slug":"octant-energy-plans-4-wells-one-seismic-kenyas-mandera-lamu-basin-blocks","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/octant-energy-plans-4-wells-one-seismic-kenyas-mandera-lamu-basin-blocks\/","title":{"rendered":"Octant Energy Plans 4 wells, 2D Seismic in Kenya\u2019s Mandera and Lamu Basin Blocks"},"content":{"rendered":"

Octant Energy which took over from Afren<\/a> operated Blocks 1, L17 and L18 plans to carry on with already identified drill ready prospects in the three blocks as well as 2D seismic in south Eastern part of the Mandera basin to futher provide more information at El Wak.<\/p>\n

This is according to its presentation in Cape Town recently where it announced the initial four well drilling campaign for Kenya as these licenses have already seen extensive 2D and 3D seismic acquisition which has materially de-risked assets as well as seen Environmental Impact Assessments approved in two blocks.<\/p>\n

Although it is unclear as to which blocks the company will begin with block 1 has two highlighted large prospects of the 5 leads identified while in block L17\/ L18 the company has identified three prospective drilling prospects.<\/p>\n

Octant Energy a company whose management includes Rick Schmitt former President of Marlin energy the company that sold the licenses to Afren in 2010 (where he served as President & CEO of its subsidiary East Africa Exploration EAX) earlier in the year announced \u00a0it had entered into a term sheet with Rosseau Asset Management to proceed with a financing<\/a> of up to USD$10,000,000 through the issuance of secured convertible debentures to finance the\u00a0acquisition\u00a0of Afren\u2019s assets in East Africa namely Kenya\u2019s Block L17\/L18 and Block 1 as well as the Tanga Block in Tanzania<\/p>\n

Block 1 is located on the western margin of the Mandera-Lugh basin and comprises an area of 22,250 km2 while Block L17\/L18 is located onshore and offshore in the Tembo coastal basin in southern Kenya. The block covers an area of approximately 4,905 km2 and water depths vary from a few meters along the shoreline up to approximately 500 m.<\/p>\n

Other than the three blocks the company also acquired assets owned Imara Energy<\/a> assets in the onshore Lamu basin by acquiring the company.<\/p>\n

For additional information acquire the 2018 Kenya Upstream Outlook by contacting our team: sales@oilnewskenya.com<\/a> or +254724684368 or +254733897666<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Octant Energy which took over from Afren operated Blocks 1, L17 and L18 plans to carry on with already identified drill ready prospects in the three blocks as well as … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":6593,"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":[26,59,253,6605,726,3244,1111,6607,4435,6608,6606],"class_list":["post-6592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-2d-seismic","tag-afren","tag-block-1","tag-block-l1718","tag-el-wak","tag-environmental-impact-assessments","tag-imara-energy","tag-marlin-energy","tag-octant-energy","tag-rick-schmitt","tag-tembo-coastal-basin","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/Octant-Energy-Kenya.jpg?fit=370%2C416&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1Ik","jetpack-related-posts":[{"id":7275,"url":"https:\/\/www.oilnewskenya.com\/index.php\/octant-energy-drill-block-l17-18-q2-2018\/","url_meta":{"origin":6592,"position":0},"title":"Octant Energy to Drill in Block L17\/18 by Q2 2019","author":"","date":"November 23, 2018","format":false,"excerpt":"Kenya\u2019s Block L17\/18 operator Octant Energy will be drilling offshore the south coast by Q2 2019 ahead of expiry of the PSC valid until April 23, 2019 OilNews Kenya has learnt. According to the source the well targeting the Wasin prospect which is expected to be drilled from an onshore\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\/2018\/11\/Block-L17.png?fit=358%2C504&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1749,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afren-plans-2d-seismic-in-h2-2014-in-kenyas-block-1\/","url_meta":{"origin":6592,"position":1},"title":"Afren plans 2D seismic in H2 2014 in Kenya\u2019s block 1","author":"Samuel Kamau Mbote","date":"September 10, 2014","format":false,"excerpt":"Afren plans to carry a 290 km 2D seismic in block 1 as it prepares to drill an exploration well late 2015. The block which is located in Kenya\u2019s north eastern border is connected to the Ogaden basin with an oil seep close to the Tarbaj-1 well in the south-west\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\/09\/afren-block-1.png?fit=422%2C271&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6658,"url":"https:\/\/www.oilnewskenya.com\/index.php\/upstream-activity-shift-lamu-mandera-basins-2018\/","url_meta":{"origin":6592,"position":2},"title":"Upstream Activity to shift to Lamu, Mandera Basins in 2018","author":"","date":"January 5, 2018","format":false,"excerpt":"A majority of seismic and drilling activity in Kenya will concentrate in the Lamu and Mandera basins this year away from the traditional South Lokichar area according to the 2018 Kenya Upstream Outlook released in December 2017. According to the outlook drilling of two wells has been confirmed in these\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\/2017\/11\/Kenya-Upstream-Outlook-banner.jpg?fit=300%2C250&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1660,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afren-set-to-drill-2-wells-in-the-lamu-coastal-basin-in-2015\/","url_meta":{"origin":6592,"position":3},"title":"Afren set to drill 2 wells in the Lamu coastal basin in 2015","author":"Samuel Kamau Mbote","date":"August 22, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Afren plans to drill two wells in 2015 after completing an airborne gravity and magnetic survey and additional 2D seismic to help define closures across the Mombasa High. The wells are set to be drilled in blocks L17 and L18 offshore south-east Kenya covers an area of approximately\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\/08\/afren-block-l1718.jpg?fit=679%2C267&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/afren-block-l1718.jpg?fit=679%2C267&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/afren-block-l1718.jpg?fit=679%2C267&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3972,"url":"https:\/\/www.oilnewskenya.com\/index.php\/octant-energy-to-purchase-afren-assets-in-tanzania-and-kenya\/","url_meta":{"origin":6592,"position":4},"title":"Octant Energy To Purchase Afren Assets in Tanzania and Kenya","author":"","date":"November 2, 2015","format":false,"excerpt":"Canada-based oil and gas company Octant Energy Corp. has announced that it has entered into three agreements with subsidiary companies of cash strapped Afren PLC to acquire assets in the Republic of Kenya and the United Republic of Tanzania. Afren assets through its wholly owned subsidiary East Africa Exploration EAX\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"Afren Kenya","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/11\/Afren-Kenya.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5812,"url":"https:\/\/www.oilnewskenya.com\/index.php\/octant-energy-to-raise-10-million-to-finance-kenya-tanzania-blocks-acquisitions\/","url_meta":{"origin":6592,"position":5},"title":"Octant Energy to Raise $10 Million To Finance Kenya, Tanzania Blocks Acquisitions","author":"","date":"March 27, 2017","format":false,"excerpt":"Octant Energy has announced it has entered into a term sheet with Rosseau Asset Management to proceed with a financing of up to USD$10,000,000 through the issuance of secured convertible debentures to finance the acquisition of Afren\u2019s assets in East Africa namely Kenya\u2019s Block L17\/L18 and Block 1 as well\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"Afren block L17,18","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/afren-block-l1718-300x118.jpg?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\/6592","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=6592"}],"version-history":[{"count":3,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6592\/revisions"}],"predecessor-version":[{"id":6596,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6592\/revisions\/6596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/6593"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=6592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=6592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=6592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}