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Thursday, August 25, 2016
Essel Group Middle East (EGME) and Simba Energy Inc. commenced their planned 2D seismic survey of Block 2A in Kenya. The survey will cover an area of approximately 535 km and roughly 400 km has already been cleared in preparation for the seismic shoot. Survey production has been completed on over half of the testing area and the technical team has started shooting.
The survey is being carried out by AGS Oilfield Services Ltd. and it will identify and evaluate areas with hydrocarbon potential in Block 2A. The two specific aims for the seismic survey are to pinpoint the optimum locations for drilling and to estimate depths and volumes for primary and secondary targets.
EGME also entered into a definitive agreement to acquire a new skid mounted drilling rig. The AC-VFD drilling rig possesses power of 2,000 HP and it will be used by the company during its oil exploration activity on Block 2A.
DNV GL has been appointed as a third party observer to oversee the process of the purchase and delivery of the rig.
Gagan Goel, Managing Director of EGME and Chairman of Simba Energy, said, “The work on the seismic survey and the acquisition of this drilling rig is further evidence of the progress we are making in developing our portfolio of oil assets. The testing is ongoing and we remain extremely confident in the prospects for Block 2A. We look forward to working with DNV GL on bringing the rig into operation.”
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