Onshore Kenya: Tullow discover more oil.

Tullow success will buoy sentiment towards Kenya explorers

By Ian Lyall
August 28 2014, 9:02am

Tullow Oil (LON:TLW) appears to be enjoying a decent success rate with the drill-bit in Kenya, which is fast shaping up to be one of the world most exciting new oil territories.

Its Etom-1 well on Block 13T encountered 10 metres of net pay oil, extending the proven basin “significantly northwards”.

The discovery is the most northerly to date in the South Lokichar basin.

Tullow also revealed the Amosing-2 appraisal well on Block 10BB encountered up to 30 metres of net oil pay.

Drilled from the site of the first well on the block it was deviated 1,350 metres towards the northeast and down-dip from the discovery well to calibrate the oil-water contacts of the several oil pools identified in Amosing-1.

Ngamia-3, also on Block 10BB, continued the appraisal of the Ngamia field, the company said.

It also encountered 150 metres of net oil pay in the Auwerwer and Lokone reservoirs.

Exploration director Angus McCoss said: "Etom-1 has successfully extended the South Lokichar rift bounding fault play northwards and we look forward to testing the southern area of the basin with Ekosowan-1.

“Continued success in appraisal of the Ngamia and Amosing fields reinforces our belief that the South Lokichar basin holds very considerable potential which we hope to replicate in additional basins.

“The next basin-opening test will be in the neighbouring Kerio Basin, with the Kodos-1 well expected to spud in early September.”

The Tullow update will no doubt buoy sentiment towards juniors in Kenya such as Tower Resources (LON:TRP), Simba Energy (CVE:SMB), Premier Oil (LON: PMO) and Taipan Resources (CVE:TPN).


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