#block 11b

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Kenya’s Block 11B Loss Cost Bowleven $11.8 million in 2016

Kenya’s Block 11B Loss Cost Bowleven $11.8 million in 2016

Bowleven has reported that the loss of its Kenyan acreage operated by Adamantine Energy resulted in unsuccessful exploration costs of $11.8 million being charged to the Income Statement in the current financial year.

According to Bowleven the costs are significally low as a majority of expenditure on block 11B was funded via an arrangement with First Oil following a strategic partnership in 2013…

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Adamantine Energy, Bowleven Lose Kenya’s Block 11B

Adamantine Energy, Bowleven Lose Kenya’s Block 11B

Kenya’s Block 11B operator Adamantine Energy and joint venture partner Bowleven will not be receiving an extension on their license according to commissioner for petroleum Ministry of Energy and Petroleum Martin Heya.

Speaking to OiNews Kenya the commissioner without elaborating why said the license is now vacant after expiringin June 2016 and will be up for auction once the country advertises…

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Tarach-1 well in Kenya’s Block 11B cost CEPSA, ERHC over $25M

Tarach-1 well in Kenya’s Block 11B cost CEPSA, ERHC over $25M

The Tarach-1 well which commenced drilling on April 14th 2016 in Block 11B could have cost the two joint venture partners Compania Espanola de Petroleos (CEPSA) operator* and ERHC over $25 million going by exploration and drilling expenses filed by ERHC to the United States Securities And Exchange Commission.

ERHC which completed a farm-out to CEPSA in February 2014 says capitalized drilling…

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Adamantine Energy Kenya's Block 11B License Expires

Adamantine Energy Kenya’s Block 11B License Expires

A PSC between Block 11B operator Adamantine Energy and the Republic of Kenya signed in June 2012 has expired with no word of any license extensions or renewal although a JV partnership also involving Bowleven and first oil was unable to complete the initial minimum work programme.

The JV partnership had earlier been awarded a one year license extensionto enable evaluation ahead of second phase…

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Adamantine Energy seeks 15 month extension in Kenya’s Block 11B

Adamantine Energy seeks 15 month extension in Kenya’s Block 11B

Adamantine, operator of block 11B, has advised that they have applied to the Kenyan authorities for a 15 month extension to allow for the acquisition, processing and evaluation of 2D seismic.

This follows delayed commencement of seismic operations due to logistical issues as well as security concerns.

Given the above concerns Adamantine says that the programme will be unable to be completed prior…

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ERHC prepares for 1st drilling in Kenya’s Block 11A

ERHC prepares for 1st drilling in Kenya’s Block 11A

Houston based explorer ERHC has said it is working on securing the requisite drilling rig for its first well in Block 11A even as it continues with studies to determine the location for drilling.

Already the company that is currently serving its first additional phase of exploration team is calculating volumetrics following the completion of 2D seismicmapping for identified prospects and leads in…

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Bowleven awarded one year license extension Kenya block 11B

Bowleven awarded one year license extension Kenya block 11B

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Bowleven has announced that it has received a license extension to enable evaluation ahead of second phase decision.

Following the license extension to May 2015 Bowleven says that the completion of acquisition processing and interpretation of 2D seismic on block 11B remains among the key objectives for the next 12 months.

Already the company has processed airborne geophysical…

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Bowleven set to end Strategic Alliance Agreement with Petrofac

Bowleven set to end Strategic Alliance Agreement with Petrofac

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Africa focused oil and gas explorer Bowleven which operates in Kenya and Cameroon has announced it will be terminating the Strategic Alliance Agreement with Petrofac after the two companies reached a mutually acceptable agreement.

Under the agreement Bowleven will pay $9 million to Petrofac upon completion of the farm-out transaction as full and final settlement and the…

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