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Global Energy Advisory – 27th June 2014

Discovery & Development

•    Kenya: Africa Oil Corp. has announced a new gas discovery at its Sala Prospect in Block 9, onshore in Kenya. The Sala-1 drilled an 80-square-kilometer anti-clinal feature along the northern basin bounding fault encountering several sandstone intervals with oil and gas shows. The well was drilled to a total depth of 3,030 meters. An upper gas bearing interval tested dry gas at a maximum rate of 6 mmcf/d from a 25 meter net pay interval. A lower interval tested at low rates of dry gas from a 50m potential net pay interval.  There were also oil shows while drilling and small amounts of oil were recovered during drilling and testing. Africa Oil is the Operator of Block 9 with a 50% working interest. Marathon Oil Kenya Limited B.V. has the remaining 50% interest.

•    Kenya: UK-listed BG Group and partners Pancontinental Petroleum Ltd of Perth and Thailand’s PTTEP have announced an oil discovery in the Sunbird-1 well offshore Kenya in the Lamu basin. The well, in permit area L10A, intersected a 14-m gross oil column and a 29.6-m gross gas column in a buried reef reservoir. BG holds 50% interest in L10A, while Thailand’s PTTEP has 31.25%, and Pancontinental, 18.75%.

•    Tanzania: Norway’s state-owned Statoil has announced another high-impact gas discovery offshore Tanzania in the Piri prospect, Block 2, in partnership with ExxonMobil. According…

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