Delonex Energy completes farm-in to Tullow Oil operated Kenya Block 12A
London, 28th January 2016 – Delonex Energy is pleased to announce today the completion of its farm-in to Tullow Oil’s Kenya Block 12A following the final approval by the Government of Kenya.
Block 12A (15,390 km2) includes the Kerio Valley Basin, where the basin-opening exploration well Cheptuket-1 is currently drilling.
Block 12A interests are now Tullow Oil (40% and Operator), Africa Oil Corporation (20%) Delonex Energy (25%), Marathon Oil (15% – Part of a package of East African assets purchased by Delonex Energy, subject to final approval from the Government of Kenya).
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