Kenya: Tullow fails to strike oil in latest Turkana search

Oct 30, 2017

British oil explorer Tullow has reported a barren oil search from its latest drilling expedition in Turkana, ending its success streak for the first time this year.

The firm had struck two fresh oil finds in January and May, something that emboldened it to widen its search and raised prospects of increasing the country’s proven reserves. So far the country has discovered oil reserves estimated at 750 million barrels – which experts say are commercially viable for production and exports.

“The Araku-1 exploration well in Suriname has been drilled to a total depth of 2,685 metres and penetrated the objectives of the Araku prospect. No significant reservoir quality rocks were encountered although logging and sampling proved the presence of gas condensate,” Tullow said in its update.

“The well is now being plugged and abandoned”, the firm said adding that “geological insights gained from this well offer significant future exploration potential in the Group’s acreage.”

The Araku well was drilled in Block 54 which Tullow Oil operates jointly with partners Statoil and Noble Energy. Tullow in May announced it had struck 75 metres of oil in two zones at the Emekuya-1 well in Block 13T of the Lokichar basin, Turkana.

In Summary
  • So far the country has discovered oil reserves estimated at 750 million barrels – which experts say are commercially viable for production and exports.
  • Tullow in May announced it had struck 75 metres of oil in two zones at the Emekuya-1 well in Block 13T of the Lokichar basin, Turkana.
  • Kenya has announced it will resume plans for small-scale oil exports in December after suspending it in June.

The find came four months after the exploration company discovered another 25 metres of oil at Erut-1 well in the same block in January.

However, the firm reported a different experience, “The Araku-1 well was an ambitious wildcat exploration well that was drilled efficiently and at very low cost. While we have not made a commercial discovery, we are encouraged by recovering gas condensate from the well and remain fully committed to exploration in Suriname and Guyana,” Mr Angus McCoss, Tullow’s exploration director said in the statement

Kenya has announced it will resume plans for small-scale oil exports in December after suspending it in June. The country expects to move between 2,000 and 4,000 barrels of oil daily by trucks to be stored at the defunct Kenya Petroleum Refinery’s storage tanks in Mombasa port city, pending shipment. Tullow had by June already pumped out and stored 60,000 barrels of crude in Lokichar in readiness for transportation to Mombasa port by trucks.

 

Source: Daily Nation

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