ERHC Energy Inc (ERHE)

[Southern Man]

Oil Reserves

“Until recently, Kenya had no known commercial reserves of petroleum. However, in January 2012, Tullow Oil, an OIEP, spudded [the] Ngamia I well located [in the] Lockichar area within Tarkana County,” the draft energy policy said. “By May 2012, Tullow Oil had discovered crude oil with a total pay zone of 100 m (328 ft) between depths of 850 m (2,789 ft) to 1,515 m (4,970 ft).”

Oil reserves in the Lockichar area are estimated at nearly 368 MMbbl, Africa Oil CEO Keith Hill said in a Sept. 5 article published in Kenya’s Daily Nation. These volumes exceeded the maximum for “commercial development,” he said, projecting the area could have more than 1 Bbbl. Africa Oil has been exploring the area with Tullow Oil.

As of May 2012, 30 out of 46 blocks had been licensed to 14 exploration companies which are conducting exploration activities, according to the draft. Of the 16 remaining blocks, 13 have expressions of interests from nine companies.
The entry of major foreign oil companies such as Anadarko, BG Group, Total, Tullow Oil, Africa Oil, Ophir, and Apache has been a major boost for Kenya’s petroleum exploration activities, the draft said.

“Further petroleum exploration is being undertaken both onshore and offshore in the country’s four major sedimentary basins at Lamu, Mandera, Anza, and Tertiary Rift with a view to discovering commercially viable deposits,” the draft said

http://www.epmag.com/Technology-Regulations/Kenyas-Energy-Bill-Delays-Oil-Licensing-Round_124406