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Oil In Turkana - Politics - Nairaland

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Oil In Turkana by kiara11: 12:51pm On Mar 26, 2012
smiley
http://www.nation.co.ke/business/news/Kenya+strikes+oil+in+Turkana/-/1006/1373886/-/1537alm/-/index.html

President Kibaki on Monday announced the discovery of oil in Turkana county, located in the country's arid north-western region.

The President said successful drilling of the oil is still years away.

Energy Minister Kiraitu Murungi added a sweetener to the "important announcement", explaining that Kenya's oil deposits could be bigger than Uganda's.

"This morning, I have been informed by the Minister for Energy that our country has made a major breakthrough in oil exploration. This weekend, Tullow Oil, which has been prospecting for oil in block 10 BB in Turkana County, discovered oil in Ngamia-1 well, at a depth of between 846 and 1041 meters. They established over 20 meters of what is technically referred to as OIL-PAY. To establish commercial viability of this oil, they have to drill multiple wells," said President Kibaki.


President Kibaki broke news of the discovery during the announcement of the evaluation results of the performance of public agencies for the financial year 2010 / 2011.

Kenya now joins regional neighbours Uganda and Tanzania in the list of potential oil producing countries.

Tullow Oil released a press statement stating the oil in Turkana bore similarities with that discovered in Uganda.

"The well, located in the Turkana County of Kenya Block 10BB, was drilled to an intermediate depth of 1,041 metres and has been successfully logged and sampled. Moveable oil with an API greater than 30 degrees has been recovered to surface. This oil has similar properties to the light waxy crude discovered in Uganda.


Waiting to see the scramble.
Re: Oil In Turkana by sheyguy: 1:00pm On Mar 26, 2012
When will northern nigeria do ehn?
Re: Oil In Turkana by kiara11: 1:10pm On Mar 26, 2012
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