Your are here  » Home   » Business

More oil deposits found in Turkana’s Ngamia 1 well

Updated Thursday, July 5th 2012 at 00:00 GMT +3

By Macharia Kamau

Turkana County seems to be an area with immense hydrocarbons with firms prospecting oil in the area reporting more deposits. They are optimistic of hitting even larger and better quality of oil deposits in the yet to be drilled wells.

Africa Oil — a partner to Tullow Oil  — announced yesterday it had found an additional 43 metres of potential oil  in its Ngamia 1 well.

The firm has suspended further drilling of the well at 2,340 metres, against the planned 2,700 metres, saying the depth can give a clear picture of what the block holds.

It plans to commence testing at the block to determine commercial viability of the oil present.

“In addition to the greater than 100 metres of net light oil pay in the Upper Lokhone Sand section previously reported, the well encountered an additional 43 metres of potential oil pay,” said Keith Hill, president and chief executive of Africa Oil in a statement yesterday.

“Testing equipment including downhole pumps is being mobilised and the intention is to test a number of the zones in the Upper and Lower Lokhone Sands in the near future to confirm the full potential of this discovery.”

Tullow Oil has been drilling the well located in Lokichar area of Turkana since early this year.

In March, it reported it had found oil deposits that have a cumulative thickness of 100 metres after drilling a depth of about 1,000 metres.

The firm also said it would start drilling what it calls Twiga 1 well in Block 13T, 30 kilometres north east of Ngamia. It plans to drill another well in Block 10A and another one in the Omo region of Ethiopia, all to be concluded in the course of this year.

Experts say Kenya falls in the same geological belt as Uganda and Tanzania that have  natural gas and oil, therefore should also hold commercially viable deposits of oil.

Uganda discovered commercial hydrocarbon deposits along its border with the Democratic Republic of Congo in 2006, and Tullow says reserves of 1.1 billion barrels are confirmed and believes there are a further 1.4 billion barrels left to find.

GO TO PAGE 1 2 Next »
Comments in chronological order (Total 0 comments)



1100 characters remaining
 
Top headlines

Bourse regulator seeks powers to discipline rogue bond dealers

The Capital Markets Authority (CMA) is seeking more powers to discipline errant bond dealers and to restore stability in the bond market whose investor confidence has been heavily shaken by reports of suspicious transactions.

 
Google+

Popular on Facebook

KCB 41.00 0.00
COOP 17.00 0.05
KPLC 17.15 0.15
ARM 70.00 1.00
EQTY 35.00 0.50
HFCK 25.50 0.00
KAPC 125.00 -1.00
KENO 10.95 0.15
KQ 11.30 0.00
MSC 4.45 0.05
SASN 13.50 -0.05
SCOM 7.25 0.00
Watch KTN Live Listen to Radio Maisha Live