Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Thursday, July 7, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
alternatetext

Simba Energy starts survey on Mandera block in two weeks

by Alex
June 8, 2016
in Extractive and Energy, Kenya
0
Share on FacebookShare on LinkedIn

Pan-African oil and gas explorer Simba Energy will in a fortnight launch a survey of its Mandera Block 2A concession in preparation for drilling this year.

The 2D seismic survey is expected to offer clearer estimate of the oil reserves and confirm the high quality oil of the block.

The new survey is part of an agreement with the JV partner Essel that acquired equity in the block last year August.

Essel agreed to a minimum exploration programme for Block 2A comprising additional 2D seismic, possible 3D seismic and drilling on at least two prospects over the next 12 to 18 months at a minimum estimated cost of Sh6 billion ($60 million).

71v2756-ed-3ca9a7e873b8bba
Simba Energy’s CEO Punkaj Gupta.

“Simba Energy is at an extremely exciting stage of its development, with preparations for the 2D seismic survey now complete on the Block 2A asset in Kenya, and the shooting of lines about to commence in the next 10-15 days, in preparation of the commencement of a drill programme later in 2016,” said Essel Group chief executive officer and partner Simba Energy’s CEO Punkaj Gupta.

Mr Gupta said the company would commence the shooting of lines of 2D seismic in the next 7-12 days having completed the necessary preparations.

The seismic exercise involves acquiring and interpreting up to 500 line kilometres of 2D seismic data. This will allow oil exploration firms to confirm depths and support the volume estimates.

757z468_LekOil,_Otakikpo,_workers (1)

Simba Energy had earlier done seismic data collection from 218 listening stations covering the existing three leads.

alternatetext

Data results obtained were reported by GeoDynamics Worldwide as being of high (clean) quality and this is expected to be confirmed with the current 2D seismic processing.

In the 7,801.72 square kilometre block lying on the southern tip of the Mandera Basin with the southwest corner of the block extending into the Anza Basin, some explorers hit oil of below 50 metres while others failed to encounter any hydrocarbons.

In August 2014, Bell Geospace conducted a full tensor gradiometry survey analysis and interpretation.

To date four wells have been drilled in the Mandera basin with oil shows encountered at 40-44 metres in the Tarbaj well drilled by Total.

A dozen wells drilled in the Anza Basin have encountered oil shows and/or gas shows with one gas discovery at Sala-1 in Block 9 by Africa Oil. In the Anza basin potential reservoir thickness of 300 and 500 metres has been mapped.

Recently Taipan Resources through its Kenyan subsidiary drilled the Badada-1 well to the south of Block 2A to a total depth of 3,500 metres encountering no hydrocarbons.

Tags: 2D seismic surveyAnza BasindrillingEsselFeaturedhydrocarbonsMandera basinMandera Block 2AOiloil wellsPunkaj GuptaSimba EnergyTaipan Resources

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

Alex

Related Posts

Africa

Unlocking Africa’s gas riches: Nigeria-Morocco gas pipeline a game changer

July 4, 2022
Africa

Powering Africa: Renewables safest bet for sustainable future

July 4, 2022
Growth in employment earmarks Kenya's post-pandemic economic recovery. www.theexchange.africa
Countries

Growth in employment earmarks Kenya’s post-pandemic economic recovery

May 11, 2022
Next Post

New banking tool to reduce non- performing loans out

Tanzanians consume less coffee grown locally

Accra becomes city 467 - next African city to offer Uber

Please login to join discussion




This months edition

Features

Countries

Era of the African Passport: A mixed bag of opportunities?

by june njoroge
July 4, 2022
0

The African passport is a common passport document that is set to replace the existing nationally issued AU member states’...

Read more
Sibongile Thobakgale. She is the area sales manager for South Africa at Aggreko Africa. www.theexchange.africa
Investing

Transforming manufacturing in Africa

by Opinion
July 4, 2022
0

From cement to food and beverages to metal production and processing, manufacturing organisations are looking for sustainable energy solutions to...

Read more
Wallace Manyara. He is the Business Development Manager, Region South & East Africa, Wärtsilä Energy. www.theexchange.africa
Investing

Renewables, gas cheapest ways to meet Mozambique’s electricity demand

by Opinion
July 1, 2022
0

To meet its growing energy needs and increase electricity access across the population, Mozambique must build 1.3GW of new power...

Read more
By 2030, tech financing in Africa will hit US$90 billion. African governments have a lot to do to reduce the risk of investing in tech startups. www.theexchange.africa
Tech & Business

Challenges and opportunities across Africa’s tech ecosystems

by Njenga Hakeenah
July 4, 2022
0

In addition, governments have to make things better for businesses. Currently, tech start-ups have to pay a lot to comply...

Read more
Foreign Currency Auction System Fails to Meet Soaring Demand
Industry and Trade

Foreign currency auction fails to meet soaring demand

by Laurence Sithole
July 4, 2022
0

Despite these fundamentals, the Zimbabwe dollar has continued to slide against the United States dollar prompting the government to take...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In