Repsol Joins Global Joint Venture For Offshore Kenya Drilling

Source: www.gulfoilandgas.com 8/24/2006, Location: Africa

Global Petroleum reports that Repsol Exploracion (a wholly owned subsidiary of Spanish based company Repsol YPF) has joined the Joint Venture which will drill two wells offshore Kenya in the last quarter of this year, one each in Blocks L5 and L7.

Holdings in the L5 and L7 Joint venture are now: Woodside 30% (and operator); Dana 30%; Repsol 20%; and Global 20%.

The costs associated with Global's 20% in L5 and L7 are carried for all activities through the drilling of the first well in each of these areas.

Woodside and Repsol earn their farm-in equity when these two wells are drilled.

The Joint Venture has already contracted a rig for drilling. The first of the two wells is likely to be in L5 on the Pomboo prospect and this is scheduled to begin in October this year.

The second well will be drilled in Block L7 and is likely to be on the Sokwe prospect.


Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.