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Simba Energy estimates 437 million barrels of oil at Wajir block

spear

Village Sponsor
#1
Simba Energy estimates 437 million barrels of oil at Wajir block
TUESDAY, NOVEMBER 7, 2017 19:39
BY BRIAN NGUGI


Canadian firm Simba Energy plans to drill its first exploratory oil well in Wajir, northern Kenya, next year with the preliminary evaluation putting the potential at over 400 million barrels.

The Toronto Stock Exchange (TSE)-listed exploration firm Tuesday said its consultant, Sproule International, had completed an assessment report of block 2A, identifying 29 leads ahead of exploration drilling.

“In total, Sproule puts the gross unrisked undiscovered petroleum initially in-place at 437.7 MMboe (million barrels of oil or equivalent),” said the firm in a regulatory notice.

Simba said it planned to sink an exploration well of around 3,000 metres next year in block 2A to test two or more intervals (depths).Sproule is familiar with East Africa rift systems and has already interpreted all available seismic and well data in the region surrounding the block in the Mandera basin.

“The portion of the Mandera basin underlying block 2A is prospective as it exhibits a petroleum system with a trend of improving reservoir quality upward in the possible hydrocarbon-bearing leads and prospects,” said Simba.

The company said it is mulling additional seismic surveys to further detail prospects and to select the best location for drilling.

The aim is to develop a dual- or triple-prospect location, it said.

Oil and gas explorers use seismic surveys to produce detailed images of the various rock types and the location beneath the earth’s surface and to determine the location and size of oil and gas reservoirs.

The Canadian firm recently raised Sh213 million in a private placement for use in the exploration activities in Kenya.
 

gikuyu

Village Elder
#2
Simba Energy estimates 437 million barrels of oil at Wajir block
TUESDAY, NOVEMBER 7, 2017 19:39
BY BRIAN NGUGI


Canadian firm Simba Energy plans to drill its first exploratory oil well in Wajir, northern Kenya, next year with the preliminary evaluation putting the potential at over 400 million barrels.

The Toronto Stock Exchange (TSE)-listed exploration firm Tuesday said its consultant, Sproule International, had completed an assessment report of block 2A, identifying 29 leads ahead of exploration drilling.

“In total, Sproule puts the gross unrisked undiscovered petroleum initially in-place at 437.7 MMboe (million barrels of oil or equivalent),” said the firm in a regulatory notice.

Simba said it planned to sink an exploration well of around 3,000 metres next year in block 2A to test two or more intervals (depths).Sproule is familiar with East Africa rift systems and has already interpreted all available seismic and well data in the region surrounding the block in the Mandera basin.

“The portion of the Mandera basin underlying block 2A is prospective as it exhibits a petroleum system with a trend of improving reservoir quality upward in the possible hydrocarbon-bearing leads and prospects,” said Simba.

The company said it is mulling additional seismic surveys to further detail prospects and to select the best location for drilling.

The aim is to develop a dual- or triple-prospect location, it said.

Oil and gas explorers use seismic surveys to produce detailed images of the various rock types and the location beneath the earth’s surface and to determine the location and size of oil and gas reservoirs.

The Canadian firm recently raised Sh213 million in a private placement for use in the exploration activities in Kenya.
any update on the pipeline that was snatched by Danganyika
 

okuyu

Village Elder
#4
Simba Energy estimates 437 million barrels of oil at Wajir block
TUESDAY, NOVEMBER 7, 2017 19:39
BY BRIAN NGUGI


Canadian firm Simba Energy plans to drill its first exploratory oil well in Wajir, northern Kenya, next year with the preliminary evaluation putting the potential at over 400 million barrels.

The Toronto Stock Exchange (TSE)-listed exploration firm Tuesday said its consultant, Sproule International, had completed an assessment report of block 2A, identifying 29 leads ahead of exploration drilling.

“In total, Sproule puts the gross unrisked undiscovered petroleum initially in-place at 437.7 MMboe (million barrels of oil or equivalent),” said the firm in a regulatory notice.

Simba said it planned to sink an exploration well of around 3,000 metres next year in block 2A to test two or more intervals (depths).Sproule is familiar with East Africa rift systems and has already interpreted all available seismic and well data in the region surrounding the block in the Mandera basin.

“The portion of the Mandera basin underlying block 2A is prospective as it exhibits a petroleum system with a trend of improving reservoir quality upward in the possible hydrocarbon-bearing leads and prospects,” said Simba.

The company said it is mulling additional seismic surveys to further detail prospects and to select the best location for drilling.

The aim is to develop a dual- or triple-prospect location, it said.

Oil and gas explorers use seismic surveys to produce detailed images of the various rock types and the location beneath the earth’s surface and to determine the location and size of oil and gas reservoirs.

The Canadian firm recently raised Sh213 million in a private placement for use in the exploration activities in Kenya.
how much more do we need to discover before we start drilling??
and what is the state of our refinery pale changamwe?
 

spear

Village Sponsor
#6
any update on the pipeline that was snatched by Danganyika
Three headlines.

The MOU, the FEED study contract signing and the launch.

All those took part before they even get the financier or finances for the project. Its putting the cart ahead of the horse. Right not they have engaged Stanbic Bank to look for a financier.

Meanwhile our Lamu port 3 modern berths will be ready by 2019. The first berth is due for completions in 2018. In 2018 Gok will tender for the other 32 berths by PPP. Tullow, Africa Oil & Mersk Oil have signed a FEED contract for our $2.5 billion Lokichar-Lamu oil pipeline. They have also offered to bid for its construction with their own finances should it be tendered. Oil exploration in Turkana & Elgeiyo Marakwet by Tullow oil is still ongoing. Next up is Baringo county.
 

spear

Village Sponsor
#8
how much more do we need to discover before we start drilling??
and what is the state of our refinery pale changamwe?
So far proven extractable reserves in Lokichar is 1 billion barrels which they mentioned will be a production of 100000 barrels a day for 25 years That is just enough for local consumption. However we are awaiting the full reserve count of the 5 other wells that struck oil in Elgeiyo Marakwet. 1 well proved unsuccessful but had natural gas. Its still ongoing since we are now at 40 wells and 30 more are due for drilling to fully explore and determine the reserve count. The only unfortunate thing is that Tullow/Africa Oil/Mersk Oil had slowed down the exploration for 3 years due to tanked oil prices and increased debt. Now that Total bought out Mersk to own 50% of the block, perhaps drilling can resume at full pace is two simultaneous drills every 3 months.

Changamwe oil refinery is obsolete and upgrading it will be more expensive than building a new refinery. Its only tangable asset is its storage tanks. Its due for conversion to a bulk strategic oil reserve facility to stabilize oil prices in the country.
 

okuyu

Village Elder
#9
So far proven extractable reserves in Lokichar is 1 billion barrels which they mentioned will be a production of 100000 barrels a day for 25 years That is just enough for local consumption. However we are awaiting the full reserve count of the 5 other wells that struck oil in Elgeiyo Marakwet. 1 well proved unsuccessful but had natural gas. Its still ongoing since we are now at 40 wells and 30 more are due for drilling to fully explore and determine the reserve count. The only unfortunate thing is that Tullow/Africa Oil/Mersk Oil had slowed down the exploration for 3 years due to tanked oil prices and increased debt. Now that Total bought out Mersk to own 50% of the block, perhaps drilling can resume at full pace is two simultaneous drills every 3 months.

Changamwe oil refinery is obsolete and upgrading it will be more expensive than building a new refinery. Its only tangable asset is its storage tanks. Its due for conversion to a bulk strategic oil reserve facility to stabilize oil prices in the country.
asante sana @spear
 
0

0%_Omera

Guest
#11
Is fracking anywhere on the table ?

What is fracking?
Fracking is the process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside.

Water, sand and chemicals are injected into the rock at high pressure which allows the gas to flow out to the head of the well.

The process can be carried out vertically or, more commonly, by drilling horizontally to the rock layer and can create new pathways to release gas or can be used to extend existing channels.

_65309507_shale_gas_extraction464.jpg

www.bbc.com/news/uk-14432401
 

spear

Village Sponsor
#12
Is fracking anywhere on the table ?

What is fracking?
Fracking is the process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside.

Water, sand and chemicals are injected into the rock at high pressure which allows the gas to flow out to the head of the well.

The process can be carried out vertically or, more commonly, by drilling horizontally to the rock layer and can create new pathways to release gas or can be used to extend existing channels.

View attachment 137538

www.bbc.com/news/uk-14432401
I once watched a documentary on oil and gas drilling and it was very insightful. Its a science with a lot of instruments that chemical oil engineers uses in literary playing high stakes poker as they drill. Each rig cost $10 million to acquire, install and operate. The pressure is huge to strike oil. They don't necessarily drill straight down but do circles, corners and angles depending on the underground geography. They pump water, gas and chemicals some times. Its a professional skills set to explore for oil and that's why not everyone can do it. The failure of striking oil is a disaster to them and it reflects on their record which automatically means they don't get more work to do the same.
 
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#13
I like how Kenyan journalists have learnt to always mention the Stock Exchange where all these exploration companies and mining companies are listed every time there’s a purported discovery.
 

montecarlo

Village Elder
#19
Three headlines.

The MOU, the FEED study contract signing and the launch.

All those took part before they even get the financier or finances for the project. Its putting the cart ahead of the horse. Right not they have engaged Stanbic Bank to look for a financier.

Meanwhile our Lamu port 3 modern berths will be ready by 2019. The first berth is due for completions in 2018. In 2018 Gok will tender for the other 32 berths by PPP. Tullow, Africa Oil & Mersk Oil have signed a FEED contract for our $2.5 billion Lokichar-Lamu oil pipeline. They have also offered to bid for its construction with their own finances should it be tendered. Oil exploration in Turkana & Elgeiyo Marakwet by Tullow oil is still ongoing. Next up is Baringo county.
Photos na @spear ukiendelea kuleta story bila picha......:D on a light touch priss leta picha za port
 

montecarlo

Village Elder
#20
I like how Kenyan journalists have learnt to always mention the Stock Exchange where all these exploration companies and mining companies are listed every time there’s a purported discovery.
Its actually a subtle way of confirming that the company exists, complies with its country’s regulations and is a going concern.
 

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