"...The joint venture (Woodside Energy (Kenya) Pty Ltd earning 50% and operator, Dana Petroleum 30% and Global 20%) has scheduled up to two wells to be drilled in Blocks L-5 and L-7 in offshore Kenya in the last quarter of 2006. The actual onset of drilling operations will be dependant on the delivery date of the rig to Kenya, currently scheduled for October this year, and further studies of met-ocean conditions. The Joint Venture has the option to drill a second well immediately following the first well or subsequently when the results of the first well are assessed...
....
The first prospect to be drilled is likely to be Pomboo in L-5 and the second possibly Sokwe in L-7;
....
Drilling will be undertaken using the deepwater drilling vessel “Chikyu” which has been contracted by Woodside Energy Ltd through the Norwegian international drilling contractor, Smedvig on behalf of the Japanese Agency for Marine-Earth Science and Technology (JAMSTEC). The rig contract is subject to JAMSTEC board approval anticipated in late April 2006 and assignment to Woodside Energy (Kenya) Pty Ltd subject to the relevant Joint Venture and Kenyan Government approvals...."
Cheers, 618
GBP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
