The contract areas are adjacent to Africa Oil’s Block 10BB, which hosts the Loperot-1 oil discovery.
Existing gravity data on Blocks 12A and 13T suggests that the Lokichar basin and other prospective sub-basins and known leads in Block 10BB may extend on to these new blocks.
Tullow Oil will acquire a 50% interest in, and operatorship of, Blocks 12A and 13T in addition to Blocks 10BB and 10A in Kenya as well as Africa Oil’s South Omo Block in Ethiopia.
In connection with the closing of the assignment, AOS amalgamated with Platform by way of a vertical short-form amalgamation.
