Delonex Energy completes purchase of Marathon’s former Kenyan assets
London, 10th February, 2016 – Delonex Energy announces, following final approvals from the Kenyan Government, that it has completed the purchase of the former Kenyan assets of Marathon Oil.
These assets comprise interest in blocks 9 & 12A. Block 9 (15,782 km2) lies in the Anza Basin and includes the Sala gas discovery. Block 12A (15,390 km2) includes the Kerio Valley basin, which is presently being drilled for the first time by the Cheptuket-1 exploration well.
Kenya Block 9 interests are Delonex Energy (50%) and Africa Oil Corporation (50% and Operator). Kenya Block 12A interests are Tullow (40% and Operator) Delonex Energy (40%) and Africa Oil Corporation (20%).
About Delonex Energy
Delonex Energy is an oil and gas company focused on Sub-Saharan Africa. The Company’s vision is to unlock the hydrocarbon potential of the countries where we operate, and to create value for host governments. The Company is led by CEO Rahul Dhir and a highly experienced team with a proven track record in exploration, development and production across the globe. Delonex is currently active in Ethiopia, Kenya and Mozambique, and seeking to expand our business into West Africa where we are actively evaluating acquisition of discovered resources and producing assets.
Delonex Energy was established in 2013 with an initial investment of $600m led by Warburg Pincus, a global private equity firm, and the IFC, a member of the World Bank Group. The Company is committed to the highest standards of Health, Safety, Environmental, Social and Corporate Governance, and has a strong focus on promoting community development to create sustainable value.
Delonex Energy is headquartered in London, United Kingdom with offices in Ethiopia, Kenya, Mozambique and India.
Stephen Torode, Regional Director, +254 733 700720