Drilling Offshore Kenya to Start Later This Year
Woodside as operator of the Company's Kenya Joint Venture has advised that the drill rig is expected to be handed over to Woodside in the second half of October 2006, with drilling operations to begin about one month later after the rig has mobilized to Kenya.
Two wells are planned – one in each of Blocks L-5 and L-7. The first of two wells is likely to be in L-5 on the Pomboo prospect and the second well will be in Block L-7 and is likely to be on the Sokwe prospect.
Holdings in the L5 and L7 Joint venture are Woodside 30% (and operator); Dana 30%; Repsol 20%; and Global 20%
The costs associated with Global's 20% in L5 and L7 are carried for all activities through the
drilling of the first well in each of these areas. Woodside and Repsol earn their farm-in equity
when these two wells are drilled.
Operates 3 Offshore Rigs
- Chevron Starts LNG Output at Australia's Wheatstone (Oct 09)
- Global LNG: Faltering Supply Prompts Short-Covering Price Rally (Aug 11)
- Woodside Sees Output Growing 15 Pct Over Next Three Years (May 23)
Company: Repsol more info
- Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction (Sep 28)
- Repsol Says Drilling Suspended On Vietnam Oil Block Disputed By China (Aug 02)
- China Urges Halt To Oil Drilling In Disputed South China Sea (Jul 25)
Company: Global Petroleum Limited more info
- Global Petroleum Appoints New Director (Jun 10)
- Global Petroleum Looking to Acquire New Projects, Remains 'Selective' (Jan 29)
- Global Petroleum Director Resigns from Board (Jan 22)