Project Profile
Value: Undisclosed
Location: 300km south of the recent Ngamia oil discovery,Lokichar basinNyanza Rift, part of the East African Rift System (EARS), Kenya
Reserves: unknown
Area: 7,000 km2
Start-up Year: -
Block 12B is located on the eastern edge of Lake Victoria and covers an area of some 7,000 km2. Block 12B is located on the Nyanza Rift, a part of the East African Rift System (EARS). The block is about 300km south of the recent Ngamia oil discovery in the Lokichar basinin Kenya. The Nyanza Rift is an offshoot from the main eastern branch of the EARS.In Oct/Nov 2012 Swala Energy, with its Joint Venture Tullow Oil, carried out an airborne gravity-magnetic survey over Block 12B. The new gravity data confirms an area of pronounced gravity low over the Nyanza rift. Preliminary computer modelling and interpretation of the gravity and magnetic data support the view that the Nyanza Rift is underlain by a sedimentary basin of up to two to three kilometres thick.
The results of the work carried out by the Joint Venture during Year 1 of the work programme allowed the partners to decide to proceed into Year 2 and to acquire seismic data over the area in conjunction with a magnetic-tellurics (MT) survey that is expected to commence during August. The seismic programme is expected to be carried out during 4th Quarter 2013. The seismic data will be used to identify structures for future drilling.
Operators:
Tullow Oil: Operator with 50% interest
Swala Energy Limited (Swala): 25% interest
CEPSA Kenya Limited (affiliate of Compania Espanola de Petróleos, S.A.U. (CEPSA)): 25% interest