Tullow Confirms Commercial Viability of Kenya’s Oil, to Start production Negotiations
British oil and gas explorer, Tullow Oil has confirmed commercial viability of Kenya’s oil and announced that it will start negotiations with the Government on development and production.
Tullow, which has been prospecting with Africa Oil, another Canadian explorer, said that results of drilling, wire line logs and samples of reservoir fluid confirmed a new oil discovery with net pay of over 40 meters in the Auwerwer and Upper Lokhone targets.
“These negotiations include consideration of a “start-up phase” oil production system with potential to deliver significant production rates with oil export via road or rail in advance of a full scale pipeline development,” said Tullow in the statement.
This company is also undertaking similar exploration of oil in Ethiopia.
(The EastA frican)
Ethiopian Business Review
