{"id":7288,"date":"2018-11-30T06:16:43","date_gmt":"2018-11-30T06:16:43","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=7288"},"modified":"2018-11-30T06:18:11","modified_gmt":"2018-11-30T06:18:11","slug":"discover-exploration-limited-farms-blocks-35-36-37-tullow-oil-offshore-comoros","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/discover-exploration-limited-farms-blocks-35-36-37-tullow-oil-offshore-comoros\/","title":{"rendered":"Discover Exploration Limited Farms Out Blocks 35, 36 & 37 to Tullow Oil Offshore Comoros"},"content":{"rendered":"

Discover Exploration Limited has announced that its wholly-owned subsidiary Discover Exploration Comoros B.V.\u00a0has signed a binding agreement to farm out a 35% working interest in its Production Sharing\u00a0Contract (PSC) covering blocks 35, 36 & 37 offshore the Union of the Comoros to Tullow Comoros Limited, a wholly-owned subsidiary of Tullow Oil plc.<\/p>\n

As part of the transaction, Tullow will become the operator, and will partly carry Discover\u00a0for a 3D seismic survey and the first exploration well.<\/p>\n

Simultaneously, Discover has signed a binding agreement to acquire the entire issued share capital of Bahari Resources Limited (\u201cBahari\u201d), its 40%\u00a0joint venture partner in the Comoros PSC.<\/p>\n

Following completion of both transactions, Discover will hold a 65% non-operated working\u00a0interest in the Comoros PSC (through its wholly-owned subsidiaries Discover Exploration\u00a0Comoros B.V. and Bahari), while Tullow will hold the remaining 35% and operatorship\u00a0(through its wholly-owned subsidiary Tullow Comoros Limited).<\/p>\n

\u201cWe are excited that Tullow joins\u00a0Discover in this highly prospective license. With its extensive deep water drilling expertise, Tullow is\u00a0a strong partner for this venture. Together, we look forward to unlocking the significant potential of\u00a0our Comoros blocks,\u201d said Executive Chairman of Discover Michael Blaha.<\/p>\n

\"\"The Comoros PSC covers a deep water area of 16,063 km2 (circa 4 million acres) and is\u00a0outboard of circa 200 trillion cubic feet (\u201cTCF\u201d) of gas in place discovered in Rovuma Areas\u00a01 and 4, offshore Mozambique. The joint venture partners of Rovuma Areas 1 and 4 include\u00a0Anadarko Petroleum Corp., China National Offshore Oil Corp. (CNOOC), Eni S.p.A.,\u00a0ExxonMobil Corp., Mitsui & Co. and PTT Exploration and Production (PTTEP).<\/p>\n

In a Competent Persons Report dated August 2018, ERCE, the UK-based independent\u00a0energy consulting group, estimates that two partly stacked prospects<\/a> in Comoros blocks 35,\u00a036 & 37 together contain gross mean unrisked prospective resources of circa 7.1 billion\u00a0barrels of oil (+1.1 TCF of associated gas) in an oil case or 49 TCF of non-associated gas (+2.3\u00a0billion barrels of condensate) in a gas case.<\/p>\n

Following ratification<\/a> of the Comoros PSC in 2014, Discover and Bahari acquired and interpreted circa 3,900 km of 2D seismic data, and conducted a range of exploratory studies.\u00a0This farm out to Tullow marks the successful completion of the first exploration period. The\u00a0partnership is now preparing to acquire a 3D seismic survey, the first ever in the Comoros.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Discover Exploration Limited has announced that its wholly-owned subsidiary Discover Exploration Comoros B.V.\u00a0has signed a binding agreement to farm out a 35% working interest in its Production Sharing\u00a0Contract (PSC) covering … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":7289,"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":[5813,216,6364,6365,6366,493,7030,671,1636,2571],"class_list":["post-7288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-3d-seismic-survey","tag-bahari-resources","tag-block-35","tag-block-36","tag-block-37","tag-comoros","tag-discover-exploration-limited","tag-east-africa","tag-mozambique","tag-tullow-oil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/11\/Comoros-blocks.png?fit=385%2C566&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1Ty","jetpack-related-posts":[{"id":7834,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tullow-oil-completes-3d-survey-over-comoros\/","url_meta":{"origin":7288,"position":0},"title":"Tullow Oil Completes 3D Survey Over Comoros","author":"","date":"November 16, 2019","format":false,"excerpt":"Tullow has announced that it has completed a 3,000 sq km 3D seismic survey over its three blocks 35, 36 and 37 in the Comoros. Tullow Oil acquired its 35% interest in Comoros Blocks 35, 36 and 37 from Discover Exploration in November 2018 and is the operator having agreed\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\/2019\/11\/Comoros-blocks.png?fit=385%2C566&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":754,"url":"https:\/\/www.oilnewskenya.com\/index.php\/comoros-ratifies-discover-exploration-production-sharing-agreement\/","url_meta":{"origin":7288,"position":1},"title":"Comoros ratifies Discover exploration production sharing agreement","author":"Samuel Kamau Mbote","date":"March 20, 2014","format":false,"excerpt":"Discover, the privately owned, geology-led, oil and gas exploration company specialized in deep water petroleum systems, has announce the ratification of its Production Sharing Contract covering offshore blocks 35, 36 & 37 by the National Assembly of the Comoros . Parliamentary approval follows on from the signing of the PSC\u2026","rel":"","context":"In "Elsewhere in Africa"","block_context":{"text":"Elsewhere in Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/elsewhere-in-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/comoros.jpg?fit=746%2C516&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/comoros.jpg?fit=746%2C516&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/comoros.jpg?fit=746%2C516&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/comoros.jpg?fit=746%2C516&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6218,"url":"https:\/\/www.oilnewskenya.com\/index.php\/new-evidence-supports-presence-continental-crust-beneath-comoros\/","url_meta":{"origin":7288,"position":2},"title":"New Evidence Supports Presence of Continental Crust beneath the Comoros","author":"","date":"August 22, 2017","format":false,"excerpt":"Source: Paper by Bahari for Africa conference in London in August 2017 New basin modeling studies to assess hydrocarbons maturity of the Bahari Resources operated three exploration licences (blocks, 35, 36 and 37) in the Comoros Exclusive Economic Zone completed in May following extensive field work in 2016 have shown\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\/08\/Bahari-resources-blocks-comoros.png?fit=443%2C505&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4196,"url":"https:\/\/www.oilnewskenya.com\/index.php\/rhino-resources-acquires-two-offshore-blocks-in-east-africa\/","url_meta":{"origin":7288,"position":3},"title":"Rhino Resources Acquires two offshore blocks in East Africa","author":"","date":"December 16, 2015","format":false,"excerpt":"Rhino Resources has announced it has expanded its African footprint with the recent acquisition of two offshore blocks in East Africa in the Comoros territorial waters. The two offshore blocks in East Africa include Blocks 17 and 24 in the Comoros territorial waters off Mozambique in East Africa a total\u2026","rel":"","context":"In "Eastern Africa"","block_context":{"text":"Eastern Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/eastern-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/12\/Rhino-Resources.png?fit=547%2C340&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/12\/Rhino-Resources.png?fit=547%2C340&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/12\/Rhino-Resources.png?fit=547%2C340&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1844,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-energy-seeks-arbitration-after-cepsa-withdrawal-from-kenyas-block-12b\/","url_meta":{"origin":7288,"position":4},"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":12969,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cote-divoire-tullow-signs-production-sharing-contract-for-ci-803-offshore-exploration-licence\/","url_meta":{"origin":7288,"position":5},"title":"COTE d\u2019IVOIRE: Tullow signs Production Sharing Contract for CI-803 Offshore Exploration Licence","author":"","date":"December 14, 2022","format":false,"excerpt":"Tullow Oil plc (Tullow) has signed a Production Sharing Contract (PSC) for offshore exploration licence CI-803 in C\u00f4te d\u2019Ivoire. Tullow will operate the licence with 90% equity, the remaining 10% is held by PetroCi. With this new exploration licence, Tullow strengthens its position in the Tano Basin where significant prospectivity\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\/2022\/12\/Cote-d-Ivoire-offshore.png?fit=781%2C603&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Cote-d-Ivoire-offshore.png?fit=781%2C603&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Cote-d-Ivoire-offshore.png?fit=781%2C603&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Cote-d-Ivoire-offshore.png?fit=781%2C603&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\/7288","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=7288"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7288\/revisions"}],"predecessor-version":[{"id":7292,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7288\/revisions\/7292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/7289"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=7288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=7288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=7288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}