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Tuesday, 26 November 2013

Tullow strikes oil in new well.

“Tullow, through an e-mail on Thursday morning informed me of the discovery at the Agete well after drilling 1,930 feet,” Mr Chirchir told the Parliamentary Committee on Energy, Communication and Information last week.
Tullow says that the Agete-1 exploration well in Block 13T, onshore Northern Kenya, has discovered and sampled moveable oil with an estimated 100 metres of net oil pay in good quality sandstone reservoirs.
“A fifth consecutive oil discovery onshore Northern Kenya highlights the emerging world class exploration and production potential within our rift basin acreage.
An intensive campaign for 2014 includes appraisal and exploration within this first basin and pioneering wells targeting the prospectivity throughout the entire chain of similar rift basins,” Angus McCoss, Exploration Director, Tullow in a statement send to the media.
The commercial viability of the Lokichar find is yet to be ascertained, but hopes are rising that Kenya could become a petroleum producer and exporter.
This marks the first major announcement since Tullow Oil restarted operations in northern Kenya on November 8 after reaching a deal with local leaders to prevent a repeat of protests that halted work last month.
Tullow has operations on five on-shore blocks in Kenya, including 10A, 10BA, 10BB, 13T, 12A and 12B and a non-operated partner in off-shore block L8 where American exploration firm Apache Corporation is searching for oil.