Anadarko are spending $250m on these 2 wells in Kenya, they'd have to be confident AND extremely hopeful.
Acquisition and merger deals sweep Kenya oil industry
By JOINT REPORT The EastAfrican
posted Saturday, August 3 2013 at 13:06
Interest in Kenya’s offshore areas is likely to be raised by Anadarko Petroleum Corporation making a discovery of either oil or gas in Kiboko well, currently being drilled in acreage L11B in the expansive Lamu basin.
“We are drilling Kiboko prospect, designed to test multiple cretaceous sands. While we are early in our exploration programme, we remain very optimistic about the potential this area holds,” said Anadarko’s spokesman Brian Cain.
Anadarko started on April 19 sinking on Kiboko prospect a well expected to reach a depth of 3,000 metres in acreage L11B. The firm had encountered non-commercial oil shows in Kubwa well in area L 7.
Anadarko’s capital expenditure on the two wells is over $250 million.
Anadarko are spending $250m on these 2 wells in Kenya, they'd...
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