Exploration

Kenya: Simba and Essel to perform 2D Seismic in Block 2A in May 2016

Wednesday, 23 March 2016 17:09

Simba Energy together with its farm-in partner Essel Group ME, have decided that the 2D Seismic Data Acquisition and Processing program for Block 2A in Kenya will begin in early May 2016.

According to Simba, preliminary field work and mobilization is expected to begin in mid to late April 2016 prior to the full survey which will cover about 500 line km and the work set is expected to last about 60-75 days then followed by the interpretation of the data.

The company added that a contract has been finalized with Africa Geophysical Services LLC, (AGS) for the purpose of 2D Seismic Data Acquisition and Processing on Block 2A Wajir, in Kenya.

We are pleased to finalize this contract and to commence the field work to obtain the necessary data. This will allow the Company to plan a drill program later this year,” Robert Dinning, President and CEO of Simba Energy told Oil news Kenya.

The phase 2 of exploration will allow Essel and Simba Energy acquiring an oil drilling rig.

The drilling process will start as soon as we get a positive seismic result,”Gagan Goel, the Managing Director of Essel and Vice – Chairman of Simba Energy said.

Simba had earlier raised $2.1 million to finance exploration works related to its Production Sharing Contracts in Kenya with the 2D seismic previously set for early this year. Essel also agreed to a lowest exploration program for Block 2A including extra 2D seismic, probable 3D seismic as well as drilling on no less than two prospects in the next 12 to 18 months, with a least estimated cost of $60 million.

Anita Fatunji

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.