Swala Energy Limited’s joint venture partner and the Operator in Block 12B in Kenya, Tullow Oil plc, has informed the Government of Kenya of their intention to proceed into the First Additional Exploration Period (Contract Years 3 and 4) of the Production Sharing Contract (PSC).

Under the terms of the PSC the joint venture is obliged to acquire 300km2 of 3D seismic data or drill one exploratory well during Years 3 and 4. The interpreted data received so far from the recently completed seismic survey over Block 12B has given Swala and Tullow firm confidence to continue the work programme and to commit to drill an exploratory well in 2015.

Tags: Swala Energy Limited