Tullow says makes oil discovery in Kenyan wellStaff Writer | May 17, 2017
Africa-focused oil company Tullow Oil Plc said it encountered 75 metres of net oil pay in two zones at an exploration well in Northern Kenya.
Oil exploration The Emekuya-1 well
The well has proven oil charge across a significant part of the Greater Etom structure, Tullow said.
"The discovery not only adds more recoverable resources to the current portfolio, but, along with Etom-2 and Erut-1 (wells), establishes the 'northern triangle' part of the South Lokichar Basin as an independent production hub," Morgan Stanley analyst Sasikanth Chilukuru said.
Tullow operates Blocks 13T and 10BB with 50 percent equity and is partnered by Africa Oil Corp and Maersk Oil with 25 percent each. The Emekuya-1 well is located in Block 13T.
Earlier this year, the company said its Erut-1 well, located in the same block, discovered oil with 25 metres of net oil pay. ■