ADAMANTINE ENERGY SEEKS 15 MONTH EXTENSION IN KENYA’S BLOCK 11B
March 4, 2015 in Top News
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 to the expiry of the first exploration phase of the licence on 26 May 2015.
Already Adamantine and Bowleven the partner in the block are enjoying a one year license extension after their request to also enable them carry out evaluation ahead of second phase decision.
Block 11B encompasses an area covering the Loeli, Lotikipi, Gatome and South Gatome basins. These basins are a part of the geologically young East African Rift system to the north of the Lokichar Basin, where significant discoveries have recently been made.
Bowleven entered block 11B by farming in to Adamantine in September 2012 and was set to see its license expire in May 2014 two years after the operator was awarded a Petroleum Sharing Contract by the Kenyan government.
Under the agreement Bowleven which holds 50 percent stake is to provide technical and other services
TAGS: Adamantine Energy Block 11B Bowleven East African Rift System Gatome Kenya Loeli Lokichar Basin Lotikipi South Gatome Basins PREVIOUS POST ANADARKO TO DRILL PLAY-OPENING DEEPWATER WELL IN KENYA
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March 4, 2015
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