{"id":7920,"date":"2020-01-22T11:00:26","date_gmt":"2020-01-22T11:00:26","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=7920"},"modified":"2020-01-22T11:00:26","modified_gmt":"2020-01-22T11:00:26","slug":"swala-oil-gas-tata-petrodyne-limited-partnership-ends-in-tanzanias-kilosa-kilombero-licence","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/swala-oil-gas-tata-petrodyne-limited-partnership-ends-in-tanzanias-kilosa-kilombero-licence\/","title":{"rendered":"SWALA OIL & GAS, TATA PETRODYNE LIMITED PARTNERSHIP ENDS IN TANZANIA’S KILOSA-KILOMBERO LICENCE"},"content":{"rendered":"

Swala Oil & Gas (Tanzania) plc in its December announcement said it had exercised its option under the Kilosa-Kilombero Joint Operating Agreement to require Tata Petrodyne Limited to withdraw from the JOA and
\nthe Kilosa-Kilombero Production Sharing Agreement .<\/p>\n

Folllowing the withdrawal Swala\u2019s Participating Interest increased from 75% to 100%, subject to the 20% back-in rights of the Tanzania Petroleum Development Corporation.<\/p>\n

In accordance with the provisions of the JOA and of the Farm-Out Agreement (FOA) Tata Petrodyne Limited remains liable for the costs of transferring its Participating Interest, for its Participating Interest share of the remaining 2019 approved budget and for its remaining obligations under the FOA. Swala said it had issued TPL with a closing invoice of $2.6 million and a Notice of Dispute in accordance with the provisions of the JOA, the first step in the resolution of which is a meeting between senior management.<\/p>\n

The Kilosa-Kilombero licence currently remains in Force Majeure<\/a> since June 2019 due to its inability to drill the Kito prospect after failing to receive the required licenses. Since 2016 Swala and partners have to date acquired 800km of 2D seismic that further delineated the Kito Prospect and identified a number of additional leads and prospects in the Kilombero basin.<\/p>\n

The Kito well<\/a> is the licence’s first planned prospect which when drilled, will target best contingent resources of 147.2 mmbbls net to Swala in the Kito Basal Sandstone and the Kito Sequence 1 Sandstone horizons.<\/p>\n

Dr. David Mestres Ridge (Swala CEO) said: \u201cThis step is a regrettable one, but one forced upon us by TPL\u2019s failure to comply with its obligations under the JOA. TPL has been a co-venturer in the Kilosa-Kilombero licence since 2015, shortly before the Kito-1 well was originally due to be drilled and has been keen to drill throughout. We are confident that the outstanding matters under the JOA can be addressed promptly and professionally and wish TPL success in its international operations.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Swala Oil & Gas (Tanzania) plc in its December announcement said it had exercised its option under the Kilosa-Kilombero Joint Operating Agreement to require Tata Petrodyne Limited to withdraw from … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"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":[3421,1327,1337,5914,2466,3266],"class_list":["post-7920","post","type-post","status-publish","format-standard","hentry","category-top-news","tag-dispute","tag-kilosa-kilombero","tag-kito-prospect","tag-swala-oil-gas","tag-tanzania","tag-tata-petrodyne-limited","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-23K","jetpack-related-posts":[{"id":5843,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-oil-gas-issues-otto-energy-with-notice-of-withdrawal-in-tanzania\/","url_meta":{"origin":7920,"position":0},"title":"Swala Oil & Gas Issues Otto Energy With Notice Of Withdrawal in Tanzania","author":"","date":"April 4, 2017","format":false,"excerpt":"Swala Oil & Gas (Tanzania) plc \u00a0has advised that it has exercised its option under the Kilosa-Kilombero Joint Operating Agreement (JOA) to require Otto Energy (Tanzania) Pty Ltd \u00a0to withdraw from the JOA and the Kilosa-Kilombero Production Sharing Agreement. Swala Oil & Gas accuses Otto of failing to fulfill its\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\/kilosa-kilombero.png?fit=337%2C329&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3919,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tata-petrodyne-seals-farm-out-transaction-with-swala-energy-after-payment-of-5-7-million\/","url_meta":{"origin":7920,"position":1},"title":"Tata Petrodyne seals farm-out transaction with Swala Energy after payment of $5.7 million","author":"","date":"October 19, 2015","format":false,"excerpt":"Swala Energy Limited has confirmed that US$5.7 million has been received from Tata Petrodyne Limited (TPL) pursuant to the farm-out transaction with TPL for the Kilosa-Kilombero and Pangani licences in Tanzania. This was one of the outstanding terms of their farmout agreement for the Kilosa-Kilombero and Pangani licences in Tanzania\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\/10\/Tata-Swala.jpg?fit=200%2C200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5424,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tata-petrodyne-farm-in-behind-swala-otto-energy-dispute-in-tanzania\/","url_meta":{"origin":7920,"position":2},"title":"Tata Petrodyne Farm-in behind Swala, Otto Energy dispute in Tanzania","author":"","date":"November 23, 2016","format":false,"excerpt":"A simmering dispute between two Australian companies Swala and Otto Energy in Tanzania could have emanated from a failed joint farm-down by Tata Petrodyne Limited. According to Swala Energy in it latest presentation to shareholders the two joint venture partners had earlier agreed on a joint farm-down by Tata Petrodyne\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Tata-Swala.jpg?fit=200%2C200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3888,"url":"https:\/\/www.oilnewskenya.com\/index.php\/swala-completes-farm-out-of-kilosa-kilombero-and-pangani-licence-interests-to-tpl\/","url_meta":{"origin":7920,"position":3},"title":"Swala Energy Completes Farm-Out Of Tanzania’s Kilosa-Kilombero And Pangani Licence Interests To TPL","author":"","date":"October 8, 2015","format":false,"excerpt":"Swala Energy has announced that its subsidiary Swala Oil and Gas (Tanzania) Plc and Tata Petrodyne Limited (TPL) have finalised the outstanding terms of their farmout agreement for the Kilosa-Kilombero and Pangani licences in Tanzania. 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Tata Sons Limited is the holding company of the Tata\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":4774,"url":"https:\/\/www.oilnewskenya.com\/index.php\/otto-energy-agrees-farm-out-of-kilosa-kilombero-licence-to-mv-upstream\/","url_meta":{"origin":7920,"position":5},"title":"Otto Energy Agrees Farm-Out Of Tanzania’s Kilosa-Kilombero Licence to MV Upstream","author":"","date":"June 21, 2016","format":false,"excerpt":"Otto Energy a joint venture partner in Kilosa-Kilombero Licence with 50% interest has announced that it has reached an agreement with MV Upstream Tanzania Limited (MV Upstream), a joint venture between Vegas Oil & Gas Limited, (Vegas) and Motor Oil Hellas SA (MOH) in respect of the assignment of a\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"Kito prospect info","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/06\/Kito-prospect-info.png?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/06\/Kito-prospect-info.png?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/06\/Kito-prospect-info.png?resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7920","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=7920"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7920\/revisions"}],"predecessor-version":[{"id":7921,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7920\/revisions\/7921"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=7920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=7920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=7920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}