Tullow strikes oil in second Northern Kenya operation
British petroleum company Tullow has discovered additional oil deposits in northern Kenya, moving the country closer to having commercially exploitable reserves.
Sources with knowledge of Tullow Kenya’s operations said the Twiga 1 South well, where exploration began mid this year, has yielded more than 30 metres of net pay’ deposits, 10 metres more than the initial discovery at the pioneer Ngamia well.
Twiga well, which Tullow co-owns with Africa Oil at 50 per cent working interests each, is in Lokichar sub-basin onshore Block 13T in North Western Kenya.
Tullow Oil was expected to announce the fresh discovery before the end of this month, but was delayed by a mechanical fault on the drilling rig, according to its partner, Africa Oil.
“Africa Oil expects to announce drilling results from the Twiga South-1 well, currently being drilled in Block 13T, in early to mid-November,” the Canadian company said in a statement.
‘‘Announcement of these results has been slightly delayed due primarily to minor mechanical issues on the drilling rig, which have now been addressed,” said a statement to investors by Keith Hill, president and CEO of the firm that is listed on the Toronto Ventures Exchange.
The Business Daily has, however, learnt that the UK explorer has discovered ‘data quality oil’ at a depth of 2,337 metres against full depth of 3,600 metres.
Super well
“Ngamia 1 was a super well at 100 metres of net pay and because the wells are close by, we should expect similar results,” said our source. “This is the first time that Tullow has struck oil at this depth.”
The source described the latest discovery as encouraging news and good progress towards confirming commercial quantities of oil.
“It should also improve market share values for the investors and enable them raise more cash to develop the wells,” our source said.
Tullow expects higher quantities of oil at Twiga than it discovered at Ngamia 1....
Tullow strikes oil in second Northern Kenya operation - Corporate News - businessdailyafrica.com
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(from the AOI board courtesy of CHM_760)
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