Aug 12 - Drilling Commences in Offshore Kenya

Source Press Release
Company Origin Energy LimitedApache Corporation 
Tags Exploration, Upstream Activities
Date August 13, 2012

Progress and status:

Origin Energy advises that L-8 operator Apache Corporation has, on behalf of the joint venture, commenced drilling the Mbawa Prospect in Kenya. The Mbawa 1 exploration well spudded at 6:00 hours local time on 10 August 2012.

Origin will only advise the market again when well operations have been completed with a summary of results, or of any event that is material.

Well type and location:

Mbawa 1 is located in the Mbawa Prospect in offshore Kenya. The drillship Deepsea Metro 1 is expected to take about 60 days for this drilling operation, which will reach a total depth of 3,250m subsea in a water depth of 864m.

The well will be plugged and abandoned after the evaluation program is completed.

L8/Mbawa Joint Venture:

Apache Kenya Limited (Operator) 50%

Origin Energy Limited* 20%

Pancontinental Oil and Gas NL 15%

Tullow Kenya B.V. 15%

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