Kenya' oil potential confirmed;
Kenya’s Oil Potential Confirmed
Thursday, July 11, 2013
Africa Oil Corp. saw its shares rise a bit after word was released that the Ngamia-1 discovery well on Block 10BB in Kenya could produce at a rate of 5,400 boepd after it flowed at a rate of 3,200 boepd during testing.
Tullow Oil Corp., operator of the Ngamia-1 well, revealed that the Ngamia and Twiga fields contain over 250 million barrels of recoverable oil and that the test results confirm this. Based on these results Kenya now has a commercial petroleum system.
All tested zones produced dry oil with no water produced and no pressure depletion, the company said.
The firm net oil pay estimate in the Ngamia well has now doubled to over 200 meters over a gross oil column of over 1,100 meters and has increased the net pay at Twiga to over 75 meters, according to the statement.
“The Ngamia-1 testing program has confirmed the productivity of both the Lower Lokhone reservoir and the high quality Auwerwer reservoir,” Africa Oil CEO Keith Hill said in the statement. “These results move us towards achieving the threshold for a commercial development in the Lokichar Basin,” he added.
https://www.petroleumafrica.com/kenyas-oil-potential-confirmed/