Kenyan Exploration Expected to Start Lat November
Global Petroleum reports that Woodside has taken the rig which will drill the Joint Venture's two Kenya wells. It is expected that the rig will take some four weeks to mobilize to Kenya so that the drilling operations should commence towards the end of November.
The first well will be Pomboo No. 1 in Block L-5. Pomboo has a proposed total depth of approximately 5,000 meters below sea level. The second well will be on the Sokwe prospect in Block L-7.
Partners in the project are Woodside as operator with 30%; Dana with 30%; Repsol with 20% and Global with the remaining 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.
Another transaction is pending which, subject to the necessary permissions, will
result in the transfer of a 3% interest in L-5 and L-7 from Dana to Repsol,
resulting in Repsol having a 23% interest in L-5 and L-7 and Dana a 27%
- Offshore Australia Contract Goes to KBR (Oct 11)
- Pipe Dream? Chevron, Woodside Vie to Shape Australia's LNG Sector (Jun 15)
- Chevron Unveils Shared Vision for North West Shelf Infrastructure Stimulus (May 16)
Company: Repsol more info
- Sources: Spain's Repsol Hires Tanker For Iran's Pars Oil As Sanctions Loom (Jun 19)
- Total Signs Deal to Extend TFT Gas Field License in Algeria (Jun 11)
- Repsol Asks Vietnam For Compensation After Drilling Project Halted (May 04)
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)