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Friday, 03/11/2016 11:17:31 AM

Friday, March 11, 2016 11:17:31 AM

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And this not so good news



TULLOW OIL HITS DRY WELL IN CHEPTUKET WELL IN BLOCK 12A – SOURCE

March 11, 2016
in Top News

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Three months after the drilling of the wildcat well in block 12A commenced OilNews Kenya has learnt from a source who chose to be anonymous that the well has since been completed with no significant hydrocarbon shows.

cheptuket-1The well which spud on December 28th 2015 by the PR Marriott Rig-46 was expected to test a basin bounding structural closure in the undrilled Kerio Valley Basin, which is in a similar structural setting to the successful Ngamia and Amosing discoveries in the South Lokichar Basin.

If confirmed to be true this would be another follow-up of unlucky wildcats Tullow Oil has continued to see including at the Elmesek-1 well in the North Turkana basin which failed to find commercial hydrocarbons last November.

Cheptuket was the last planned well by Tullow Oil and its joint venture partners Africa Oil and Maersk Oil and Gas having also completed appraisals and the production phase of the Extended Well Testing (EWT) programme.

The fate of four other prospects Africa Oil highlighted as planned: Tulya, Thilli, Linga or Lukwa in South Kerio Block 10BB and the North Samaki Prospect the first test of the ‘Turkana Lake Basin’ in Block 10BA remains unknown.

OilNews Kenya had not received any response from Tullow Oil on the status of the Cheptuket well by the publishing of this article. The next planned trading update by the operator is expected on April 28.

There is however hope of more activity in northern Kenya after Tullow Oil allocated a $100million budget in 2016 towards exploration.

Of the $100 million the explorer has said it will focus on seismic surveying, processing and interpretation, high-grading and progressing leads to drill worthy prospects as oil prices continue to remain at an all-time low.

There is also expected to be more activity in the area in the pre-development with the company having already set aside an additional