Tullow to extend its oil exploration in Kenya

606

By Judith Akolo

KBC Radio_KICD Timetable

Tullow Oil is set to extend its oil exploration in Kenya to four additional wells this year. The oil company however says this will depend on the assessment of the results from the initial four wells.

Tullow Oil struck Kenya’s first crude oil in Turkana’s Lokichar basin in 2012 and followed it with a string of other finds that have put the country on the path to becoming an oil producer.

The firm has commenced the four-well exploration and appraisal programme in the South Lokichar Basin in Turkana County. The wells are Ngamia1, Amosing, Erut 1 and Araku.

Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153

The company says results from drilling of the Erut-1 well, located in the north of the basin, approximately 11km north of the Etom field are set to be released before moving the rig to drill Amosing-6 well that targets undrilled volumes, before moving to Ngamia-10.

Also Read  CRB listing of M-Shwari customers suspended for 90 days

The planned final well in the programme is the Etete prospect, about 2km south of the Etom field.  The programme, according to Tullow could be extended by up to four additional wells this year depending on the assessment of the results from the initial four wells.

Also Read  Prudential customers to get extra benefits if diagnosed with COVID-19

Already the successful completion of the water injection trials on the Amosing discovery in South Lokichar Basin have shown viability for development planning before moving to Ngamia discovery for more tests.

In a statement, Tullow Oil Chief Executive Aidan Heavey said: “2016 was another tough year for the oil & gas sector and for Tullow. However, the Company showed exceptional resilience and strong operational performance to make good progress in exploration and development in East Africa and begin the process of reducing our debt from free cash flow.”

Also Read  Saccos cleared to payout dividends, interests to members

The oil reserves in Kenya that are estimated at 750 million barrels are considered commercially viable at prices of approximately 50 dollars [per barrel. The company is gearing up to start crude oil production in June this year under the Early Oil Pilot Scheme targeting 2,000 barrels per day.

 

 

KBC-You-tube-728x90-New-2

Tell Us What You Think