PCL 0.00% 1.9¢ pancontinental energy nl

us firm starts oil exploration off kenyan

  1. 15 Posts.
    I have been enjoying informative posts on here for some time. Came across this which seems to suggest Anadarko started drilling on Thurs 17th.

    IN SUMMARY
    •Anadarko Petroleum Corporation plans to drill two wells in Lamu.
    •The two wells, known as the Kiboko prospect in block L11B and the Kubwa prospect in block L7, will cost about Sh8.6 billion ($100 million) each.
    •The firm has said it hopes to find oil, rather than gas, because it is cheaper and easier to produce.
    Anadarko Petroleum Corporation, a US firm, has started exploring for oil and gas off the Kenyan coast in Lamu.
    The New York Stock Exchange (NYSE) listed firm plans to drill two wells, continuing Kenya’s surge of exploration activity.
    “Anadarko has told us they were to spud the well yesterday (Thursday),” said Martin Heya, commissioner for petroleum at the Energy ministry.
    The two wells, known as the Kiboko prospect in block L11B and the Kubwa prospect in block L7, will cost about Sh8.6 billion ($100 million) each.

    http://www.businessdailyafrica.com/US-firm-starts-oil-exploration-off-Kenyan-coast/-/539546/1668390/-/item/0/-/ppayqcz/-/index.html
 
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