Kenya expecting more oil discoveries!Kenya smells deposits of another oil find
Updated Thursday, July 25th 2013 at 22:43 GMT +3
By Frankline Sunday
Kenya could be headed for more
oil discoveries. Prospectors have already began works on the third
oil field in
Lokichar Basin,
Turkana County.
This comes barely a month after British firm, Tullow Oil announced that it had made a major
oil discovery a few kilometres south of the same basin.
Africa Oil Corporation, a Canadian company yesterday announced that it had started drilling operations on the Ekales prospect located in Block 13T in the
Lokichar Basin.
Work on the well which begun on Monday (July 22, 2013) will see the company sink at least 2,500 metres worth of drilling equipment over the next two months to evaluate the possibility of an
oil find.
“The primary objectives are the Auwerwer and Lower Lokhone sandstones already established to be highly productive reservoirs at the nearby Ngamia 1 and Twiga discoveries,” read a statement from the company.
Work on the new well is being undertaken by Africa Oil Corporation, in partnership with Tullow Oil, with the later holding a 50 per cent working interest in this prospect.
The Ekales prospect lies approximately 15 km northwest of the Ngamia discovery and seven kilometres south of the Twiga discovery.
Prospectors are optimistic of an
oil find. “The Ekales prospect is probably one of the lowest risk prospects in our inventory,” said Africa Oil Chief Executive Officer Keith Hill.
“The proximity and similarity to the existing Ngamia and Twiga discoveries gives us a high degree of confidence that we will find
oil and continue to build the discovered resources necessary for commercial volume threshold.” Kenya has seen increased prospecting since Tullow Oil made an
oil discovery last year.
This prompted a flurry of investor interest over the past 12 months.