Wednesday, 04 July 2012 16:34
NAIROBI: Canada's Africa Oil said on Wednesday its estimate of the amount of potential oil in its Kenyan well has increased by a third since the east African country announced its first oil discovery in March.
The company said it has found an additional 43 metres of potential oil pay in its Ngamia-1 well in northern Kenya, which is operated by Africa Oil's partner British exploration firm Tullow.
"The net oil pay logged in Ngamia-1 is more than double that of any of Tullow's east African exploration wells drilled to date," Tullow country manager Martin Mbogo said in a statement.
Kenya and its neighbours in east Africa, as well as the Horn of the continent, have become a hot spot for oil and gas exploration in recent years, spurred by new finds in countries including Uganda, Tanzania and Mozambique.
The Ngamia-1 well in Kenya Block 10BB, was drilled to a depth of 2,340 metres ...