https://www.engineeringnews.co.za

EGME, partner to start Kenya oil, gas exploration work

3rd September 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

Multinational company Essel Group Middle East (EGME) has received formal approval from the government of Kenya for its $100-million investment participation in Canadian publicly traded oil and gas company Simba Energy’s assets in Kenya.

The company in June signed an agreement to potentially earn up to a 60% participating interest in Simba’s portfolio of African oil and gas exploration projects.

The two companies had now started planning and scheduling two-dimensional (2D) seismic work in support of finalising locations to drill initial exploration wells at Simba’s 7 801.72 km2 Block 2A exploration licence, in Kenya’s Mandera basin, in 2016.

This was expected to confirm depths and support the volume estimates necessary for a revised resource estimate and risk category for the concession’s prospects and other secondary targeted structures. 

“With the backing of the Kenyan government, we now begin our joint venture investment into Block 2A and look forward to completing the 2D seismic as soon as possible. We believe this next phase of work will yield excellent upside potential for drilling exploration at a number of high-quality prospects and targets in Kenya,” EGME MD Gagan Goel said.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

SKAO director-general Prof Jessica Dempsey
The SKA Observatory has a new head
2nd June 2026 By: Rebecca Campbell

Showroom

Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 
Kriel Occupational Health Centre
Kriel Occupational Health Centre

Occupational health services, mobile clinics, wellness campaigns, aviation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.047 0.998s - 122pq - 2rq
Subscribe Now