Exploration: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

Kenya Oil Find Spurs Interest in New Blocks

Source: Reuters 4/5/2012, Location: Africa

Share |
Kenya has seen a surge of interest for new oil blocks after striking oil last week, Martin Heya, commissioner of petroleum at the ministry of energy, said. The east African country is abuzz with news of its first oil discovery in the dry and dusty northwest town where Africa-focused UK firm Tullow Oil Plc has been exploring. The next step is to determine whether the find is commercially viable. East Africa as well as the Horn of the continent have become a hot spot for oil and gas exploration, spurred by new finds.

"I can assure you the interest is overwhelming," Heya told Reuters during a visit to a Tullow well just outside the small town of Lokicharat in a remote area surrounded by semi desert scrub land. "Big companies like Petrobras , Total , even Apache and others want those very deep water blocks ... I think it's a testimony that there is oil in Kenya." Heya said there were 46 blocks, 30 are already licensed, and 16 others are unlicensed. Of the 16, 13 have expressions of interest, he said. "There are only three which are vacant. And those ones, it's because there is no data. We are putting in place plans to acquire data. We are also acquiring data in one of the (vacant) blocks, L19," he said. Heya added that nine companies had expressed interest in the 13 other blocks.

Tullow Oil and Canada's Africa Oil Corp. each have a 50 percent working interest in Kenya's block 10BB. The well had reached a depth of 1,041 metres at the time of the discovery. Tullow, which has discovered commercial oil deposits in Uganda and Ghana, said trucking equipment to the well and finding skilled manpower was difficult in one of Kenya's poorest areas. "We are only halfway through the well. As we progress towards the target of 2,700 metres," Martin Mbogo, the general manager for Tullow in Kenya, told reporters. Tullow estimates it could spend up to $40 million on the drilling at the Ngamia 1 site. "It may be a matter of months, sometimes years, before you can actually make the determinations that you have a commercial well. However, what we have is very encouraging," Mbogo said.

Exploration News in Kenya >>

Egypt Plans New Mediterranean Gas Exploration Round in H1 2016
  Egypt >>  10/6/2015 - Egypt is preparing to launch a new bidding round for gas exploration off the Mediterranean coast in the first half of 2016, Khaled Abdel Badie, the he...
Statoil Suspends Songa Trym Contract in North Sea
  United Kingdom >>  10/5/2015 - Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% working for Statoil in Norway. ...

Russia's Soyuzneftegaz Drops Plans for Offshore Exploration in Syria
  Syria >>  10/2/2015 - Russian energy firm Soyuzneftegaz has decided against plans to explore for oil and gas off Syria's coast because of the conflict there, the company's ...
San Leon Energy Issues Laayoune-4 Well Results
Morocco >>  9/30/2015 - San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces the results of the Laayoune-4 well on...

Argentina's CGC Strikes New Natural Gas Deposit in Patagonia
  Argentina >>  9/29/2015 - Argentine energy company Compania General de Combustibles (CGC) had discovered a new natural gas deposit in the southern Santa Cruz province, with res...
Aolong JV Continues Drilling at Niaoshan-1 & Yixin-1 Wells in China
  China >>  9/22/2015 - Australia's Triple Energy Ltd. provided the following update on the drilling activities on the Company's Aolong Joint Venture project in China's Heilo...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 

Kenya Oil & Gas 1 >>  2 | 3 | 4 |

More News

Oil & Gas Companies in Kenya >>

Related Links

Countries Quick Links

Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed