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  #1  
February 10th, 2016, 04:06 PM
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Pcl mbawa

Hi Iwould like to know the details of the oil exploration by Pancontinental Oil and Gas operator near the Malindi on the Kenya North Coast?
  #2  
February 10th, 2016, 04:06 PM
Super Moderator
 
Join Date: Mar 2012
Re: Pcl mbawa

Pancontinental Oil and Gas operator, Apache Kenya, believes the nearby Mbawa Indian Ocean outlook has maximum potential to contain 4.9 Billion Barrels of oil in place.

The Kenya L8 licence operator Apache has freshly secured the use of the deepwater drilling ship Deep sea Metro 1 to drill the giant Mbawa Prospect.

Apache is expecting a spud date within Q3 2012, with the actual date depending on when the drilling rig is finished with its current operations.

The well is likely to take approximately 45 to 60 days to complete to a planned total depth of 3,250m subsea in water depth of 860m, easily within the range of modern equipment.

Pancontinental estimates that Mbawa has utmost potential to contain 4.9 Billion Barrels of oil in place at the main Tertiary / Cretaceous level with noteworthy additional potential also to be experienced by the well at the deeper Upper Jurassic level and shallower Tertiary levels.

Only drilling is capable of verifying the oil and gas volumetric prospective if any of the Mbawa Prospect.

Pancontinental has a 15 per cent interest “free-carried” throughout Mbawa drilling by Tullow Oil plc up to a “cap” of US$ 9 million (as may be reduced by other exploration expenditure).

Pancontinental now expects to have contribute additional to the well cost due to increased well cost estimates.

Pancontinental has four major projects offshore Kenya covering more than 18,000 square kilometres in licence areas L6, L8, L10A and L10B, with the L8 / Mbawa project being the most advanced and Mbawa being the first prospect to be drilled.

Contact Details:

Street Address
Level One
10 Ord Street
WEST PERTH WA 6005
Postal Address
PO Box 1154
WEST PERTH WA 6872
Telephone
T: + 61 8 6363 7090
F: + 61 8 6363 7099


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