Friday, September 27, 2013

Fourth oil discovery announced by Tullow in Kenya

Albuquerque News.Net Friday 27th September, 2013

Wildcat drilling, also known as exploratory drilling usually occurs in areas where potential for oil and gas has not been explored.

The Ekales-1 well is located between the Ngamia-1 and Twiga South-1 oil discoveries and the reservoir properties at this location appear similar to those previously encountered,

Results of drilling, wireline logs and samples of reservoir fluid indicate a potential net oil pay in the Auwerwer and Upper Lokone sandstone reservoirs of between 60 and 100 metres. Future flow testing aims to confirm productivity from these zones, said Tullow Oil statement said.

This is the fourth consecutive wildcat discovery, in the first oil basin opened in Northern Kenya, since our drilling commenced in 2012. Once operations have completed the rig will move to drill the exploration prospect Amosing-1 south of Ngamia-1.

"This success at the Ekales-1 wildcat is further evidence of the exceptional oil potential of our East African Rift Basin acreage. Having opened the first basin with the Ngamia-1 well last year, we are now increasing the pace of exploration in Kenya aiming for 12 wells over the next 12 month," said Angus McCoss, Exploration Director,

Tullow operates the Ekales-1 well and Africa Oil with 50% stake has a non-operated interest.

Elsewhere in Kenya, the Agete-1 well, also in block 13T, commenced drilling in mid-September and we expect a third rig to be operational in Q4 2013.

So far, the British exploration firm is the only company among those that are licensed for exploration for oil and gas in Kenya that has struck oil in the country.

In its half-year report, Tullow said that local oil deposits, which they estimated to be in excess of 300 million barrels, meet the threshold for commercial exploitation, an indication it could consider starting the production process once the necessary infrastructure such as pipelines is set up.

The Kenyan Ministry of Energy and Petroleum has however is insistent that oil exploration companies need to drill a certain minimum number of wells, which in most industry practices can be as many as 40, before production can start, reports BBC News.,

Exploration interest in Kenya has surged since Tullow made the first oil strike discovery in Turkana, followed by a second find in the same region. It has led to several international oil and gas companies to snap up what remained of Kenya's 46 exploration licenses.

"We have mapped eight blocks and forwarded them to be included in the official Kenya Gazette," former Energy Permanent Secretary Patrick Nyoike told journalists.

Source: http://www.albuquerquenews.net/index.php/sid/217371167/scat/3a8a80d6f705f8cc

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