There are possibilities of opening a second oil basin in Kenya, British energy group, Tullow Oil has said.
The new discovery is in Kenya’s northern Kerio Valley which Tullow Oil said was seen in cuttings and rotary sidewall cores, across an interval of over 700 meters.
Yesterday (March 17, 2016) Tullow said it had discovered “an active petroleum system with significant oil generation.”
This area is located 700 meters in Cheptuket, south of the South Lokichar oil basin, which in partnership between Tullow, its local partner Africa Oil, and AP Moller-Maersk of Denmark is being developed.
The East African country is preparing to become an oil exporter for the first time and plans are underway to ensure that exports of the oil start by September.
“This is the most significant well result to date in Kenya outside the South Lokichar basin,” Angus McCoss, Tullow’s exploration director said in a statement. He added: “encountering strong oil shows across such a large interval is very encouraging indeed.”
He said that his team are already following up exploration plans on the “wildcat” well (unexplored sites with no history of oil production) for the Kerio Valley Basin.
Even as more oil is discovered in Kenya’s northern parts, Kenya’s dream of becoming a major oil exporter are not so clear due to bottlenecks in the construction of a port and transport corridor in the remote northwest of the country, known as Lapsset (Lamu Port South Sudan Ethiopia Transport).
Moreover, the Uganda-Kenya plan to build 1,500-km (930-mile) pipeline to the Kenyan port of Lamu, is also experiencing setbacks.
Uganda and Tanzania are planned to partner leaving Kenya in the cold which could be an expensive venture for Tullow and its partners to build the pipeline on their own.
Image credit: Business Daily