Tullow reports new oil exploration success in Kenya
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- Tullow reports new oil exploration success in Kenya
The Ngamia 1 site in Turkana where British firm Tullow struck oil. British multinational Tullow has made a new oil discovery in the South Lokichar Basin in the Rift Valley and doubled oil production estimates for two other prospects. In a statement released Wednesday morning, Tullow said that it had struck oil in Etuko-1 following drilling that commenced in May.
“These results are an important step towards understanding the commerciality of the Lokichar Basin and, as we advance towards the commercial thresholds for development, Tullow continues to work in consultation with the Government of Kenya on development options,” read the statement in part. Additionally, the latest testing data from the Twiga South-1 and the Ngamia-1 has seen Tullow upgrade its estimates for the oil production potential for both discoveries.
The company now estimates a flow potential of about 5,000 barrels of oil per day (bopd) per well. Further, the potential for both discoveries is now estimated at 250 million barrels of oil but could shoot up upon further appraisal.
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