Taipan updates on Pearl-1 oil prospect in Kenya

Taipan Resources Inc.

Taipan Resources Inc. (TSX-V: TPN) reports that that BGP has begun the acquisition of further 2D seismic data on Block 2B, onshore Kenya. The data acquired will be used to finalize the drilling location for the Pearl-1 prospect.

BGP has been contracted to provide an additional 178.75 kilometers of 540-fold 2D seismic data. The seismic program is expected to be completed by the end of February.

Taipan holds a 45% interest in Block 2B and is the operator during the exploration phase, with Premier Oil Plc having the right to assume operatorship of any development. Premier Oil is carrying Taipan through the cost of the work program for the first additional exploration period on Block 2B with a total gross cost of up to $29.5 million. This includes the drilling and testing of the Pearl-1 prospect.

Taipan Resources Inc. is an independent, Africa-focused oil exploration company with interests in Block 1 and Block 2B onshore Kenya through its wholly owned subsidiary Lion Petroleum Corp.

Related Articles

RSI appoints Christie as VP North America

03/18/2014

RSI reports that Murray Christie has joined RSI as vice president of North America. He will be based in Houston.

SGO clears Kurdistan oil exploration area of unexploded ordnances

02/26/2014 Sterling Global Operations has completed a project for Terraseis, a seismic survey contractor, to clear mines and other unexploded ordnances from areas within a 400-square-kilometer section of Iraq...

SAExploration awarded $70 M in new projects

02/25/2014 SAExploration Holdings Inc. has received three new project awards for logistical services and seismic data acquisition in South America, along with the resumption of a project in Alaska for similar...

Tullow confirms new deepwater oil play offshore Mauritania

02/20/2014

Tullow Oil has discovered hydrocarbons with the first well in an exploration drilling campaign targeting deeper-lying plays offshore Mauritania.

SAExploration, COMESA to develop seismic projects in Mexico

02/18/2014 SAExploration Holdings Inc. has signed a three-year strategic cooperation agreement with COMESA to jointly source, acquire, and process 2D and 3D seismic data for projects within Mexico and fo...

More Oil & Gas Financial Articles

RSI appoints Christie as VP North America

Tue, Mar 18, 2014

RSI reports that Murray Christie has joined RSI as vice president of North America. He will be based in Houston.

SGO clears Kurdistan oil exploration area of unexploded ordnances

Wed, Feb 26, 2014

Sterling Global Operations has completed a project for Terraseis, a seismic survey contractor, to clear mines and other unexploded ordnances from areas within a 400-square-kilometer section of Iraqi Kurdistan in preparation for oil and gas exploration.

SAExploration awarded $70 M in new projects

Tue, Feb 25, 2014

SAExploration Holdings Inc. has received three new project awards for logistical services and seismic data acquisition in South America, along with the resumption of a project in Alaska for similar services.

Tullow confirms new deepwater oil play offshore Mauritania

Thu, Feb 20, 2014

Tullow Oil has discovered hydrocarbons with the first well in an exploration drilling campaign targeting deeper-lying plays offshore Mauritania.

SAExploration, COMESA to develop seismic projects in Mexico

Tue, Feb 18, 2014

SAExploration Holdings Inc. has signed a three-year strategic cooperation agreement with COMESA to jointly source, acquire, and process 2D and 3D seismic data for projects within Mexico and for other data-processing opportunities in South America.

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ