Kenya is 6 Times the Size of Uganda Per Tullow (below). Tullow believes we have a major oil province.
In 2010, Tullow signed agreements with Africa Oil and Centric Energy to gain a 50% operated interest in five Kenyan licences; Blocks 10BA, 10BB, 10A, 12A and 13T covering over 67,000 sq km (six times the size of the licences in Uganda). In addition, Tullow gained a 50% operated interest in the South Omo Block in Ethiopia. The combined acreage covers the Turkana Rift Basin which is similar in character to the Lake Albert Rift Basin and also a south-east extension of the geologically older Sudan rift basins trend. On 23 July 2012, Tullow completed the acquisition of an additional 15% interest in Block 12A from Africa Oil, taking the interest in that block to 65%.
In 2011, Tullow completed a farm-in to Block L8, offshore Kenya, and holds a 15% equity position with a 5% additional equity option. More recently, Tullow farmed in to Block 12B in Kenya in February 2012.
The first onshore well in the basin, Ngamia-1, in Block 10BB, commenced drilling in January 2012 and discovered over 100m of net oil pay opening up this entire rift basin as a potential major oil province.