Tullow finds more deposits in Ngamia-1 exploration well
Posted Monday, May 28 2012 at 20:58
Kenya’s oil prospects brightened further after Tullow Oil announced it had confirmed another 40 metres of deposits in the Ngamia-1 well.
“The Ngamia-1 well has encountered oil and gas shows over a gross interval of 140 metres from a depth of 1,800 metres to 1,940 metres,” it said in a statement.
Previously, the firm had found an oil column of 100 metres, which had excited markets.
The country will, however, know whether the find is commercially viable next month.
Tullow said it expects to complete drilling ‘‘in three weeks time’’.
London-listed Tullow and Canada’s Africa Oil Corporation each have a 50 per cent working interest in Kenya’s block 10BB.
“The reservoirs are similar to those previously encountered at a shallower depth. The well will continue to be drilled to a total depth of 2,700 metres and then logged and sampled,” said the Tullow in a statement.
Africa Oil said the success of the drilling campaign has led it to mobilise additional drilling rigs. President and CEO Keith Hill said: “The well has far exceeded pre-drilling estimates and certainly has highly positive implications for numerous similar prospects on trend.
“Based on these results, we are working with our partner Tullow to source additional rigs and acquire additional seismic to accelerate the exploration campaign in this basin.”